Q • Question 1 0 out of 0.4 points When preparing the annual budget, an organization is going to use a number of the concepts and tools discussed in this course. From the following list, select the tool or concept that does not apply. • Question 2 0.4 out of 0.4 points Differences that exist between the planned budget and actual results are referred to as what? • Question 3 0.4 out of 0.4 points Regardless of the size of the organization, creating a budget consists of several distinct steps involving different functions or departments of the organization. Which of the following is NOT one of the typical steps in the budgeting process? • Question 4 0.4 out of 0.4 points When actual revenue is greater than planned and actual cost is less than planned, we have a favorable variance. • Question 5 0.4 out of 0.4 points Which of the following are goals of the Budgeting Process: