Budgeting

Business Finance

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Multiple Choice

Another name for budget is a Plan.....

• True

• False

Multiple Choice

A surplus budget has what type of balance?

• Positive

• Negative

• Neutral

Multiple Choice

A deficit budget has what type of balance?

• Positive

• Negative

• Neutral

Multiple Choice

All of the following are components of a simple budget EXCEPT.....

• Income

• Expenditure

• Savings

• Deficit

Multiple Choice

Which of the following is seen as an expense?

• Rent Received

• Rent Payable

Multiple Choice

Rent received is an income.....

• True

• False

Multiple Choice

Everyone needs a budget.....

• True

• False