Budgeting

Budgeting

Professional Development

7 Qs

quiz-placeholder

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Budgeting

Budgeting

Assessment

Quiz

Fun

Professional Development

Medium

Created by

Nicole Chuchmach

Used 1+ times

FREE Resource

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash received from selling long-term investments

Operating Activities

Investing Activities

Financing Activities

None of the answers are correct

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash sales and cash collected from customers

Cash Inflow

Cash Outflow

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Payments made to suppliers for inventory

Operating Activities

Investing Activities

Financing Activities

None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An operating expense budget includes labour and administrative costs

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A top-down budget is also known as a/an

Bottom-Up Budget

Incremental Budget

Zero-based Budget

Imposed Budget

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An incremental budget creates a new budget based on gradual changes

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A purchase budget.....

Forecasts labour costs

Forecasts inventory to be purchased

Forecasts marketing expenses

Forecasts rent expense