Budget Resources
Quiz
•
Business, Education
•
1st Grade
•
Practice Problem
•
Hard
Nalina Pathirage
Used 9+ times
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7 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a budget?
Tool that asset owners and managers to plan expenses
Document that express monitory terms
Document that help managers to understand business performance
All of above are correct
2.
MULTIPLE CHOICE QUESTION
20 sec • Ungraded
Budgets are short term plans of up to one year.
True
False
3.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
Basis of budget include..
Budgetary goal
Budgetary plan
Budgetary control
Budgetary process
4.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
Select cost centres of following
Conference Centre
Finance Department
Dining room
Spa
Marketing division
5.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
Select profit centres of following
Banquet halls
Restaurant
Maintenance Department
HR Department
Game kiosk
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Cash budget means..
Amount of cash collected in a day from selling goods and services
Expected cash sales and expenses for a period
Document with future cash requirements of the business
Document shows cash inflows and cash outflows of the business
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
The basic contents of a budget are
Name and title of the budget
Period to which the budget applies
Details of projected sales or revenue
Details of actual sales or revenue
Details of variance and budget notes
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