
A Level Budgets
Quiz
•
Business
•
6th Grade
•
Practice Problem
•
Medium
Stephen Best
Used 4+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a main objective of creating budgets?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What two things does a budget compare?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The idea of a budget is to spend exactly as much as you spend.
True
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you set a budget, you should never revisit or adjust it.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A potential downside of budgeting is that budget holder:
Might take short term decisions
will feel less motivated
Might spend their budget rather than make savings
will always spend more than their allowance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these actions might help correct an adverse overheads variance?
Increase bonus payments.
Reduce Head Office staff numbers.
offer promotional discounts
Cut supplier payments for raw materials.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a possible explanation for a favourable sales variance?
Higher than expected selling prices
Lower than expected gross profit margins
Lower than expected overtime costs.
Lower than expected sales volumes.
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