
Unit 5 Ch17 - Budgets
Authored by Michael Yates
Business
11th - 12th Grade
Used 17+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the formula for Profit?
Profit = Revenue - Costs
Profit = Revenue + Costs
Profit = Revenue/Costs
Profit = Costs/Revenue
None of the answers
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Fill in the blank. Budgets are _______ plans that forecast revenue from sales and expected costs over a time period
Financial
Operational
Marketing
Human resource
None of the answers
3.
MULTIPLE SELECT QUESTION
15 mins • 1 pt
Select the three main types of budgets:
Revenue budget
Expenditure budget
Profit budget
Interest budget
Tax budget
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Fill in the blank. A revenue budget includes the likely selling _______ of the product and the expected level of sales.
Price
Cost
Expenditure
Production
None of the answers
5.
MULTIPLE SELECT QUESTION
15 mins • 1 pt
Select the two other names for an expenditure budget:
Cost budget
Production budget
Profit budget
Earnings budget
Revenue budget
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Select the other name for a revenue budget:
Cost budget
Production budget
Profit budget
Earnings budget
Expenditure budget
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What are the correct last 3 steps in constructing a budget?
Revenue budget -> Cost budget -> Profit budget
Cost budget -> Revenue budget -> Profit budget
Profit budget -> Cost budget -> Revenue budget
Profit budget -> Revenue budget -> Cost budget
None of the answers
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