
Budgeting
Authored by Nicole Chuchmach
Fun
Professional Development
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
SMART Goals.....the "S" stands for:
Sweet
Super
Specific
Sporadic
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Benefit(s) of budgets
Stakeholder buy-in
Consider alternatives when planning
Understand past-present-future
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Creating a budget based on gradual changes from previous period
Incremental Budget
Zero-Based Budget
Top-Down Approach
Bottom-Up Approach
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Create a budget from scratch
Incremental Budget
Zero-Based Budget
Top-Down Approach
Bottom-Up Approach
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Participative budgeting in which everyone contributes to the budget
Incremental Budget
Zero-Based Budget
Top-Down Approach
Bottom-Up Approach
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When employees intentionally underestimate revenues and overstate expenses
Zero-Based Budget
Budgetary Slack
Incremental Budget
Budgetary Avoidance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Labour and administrative costs are developed in this budget for a period of time
Capital Budget
Cash Flow Budget
Purchase Budget
Operating Budget
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