Finance

refers to a plan which is expressed in a quantitative monetary value.

• Finance

• Insurance

• Budget

• Marketing

Which is not a benefit of Budgeting

• Planning is facilitated

• Moral of the employee is improved

• Control mechanism is enhanced

• Provides assurance with accounting principles

What does not belong in four financial areas of the business?

• marketing

• sales

• production

• human resources

provides for the financial requirements of all the departments for one year.

• short-term budget

• average-term budget

• medium-term budget

• long-term budget

budgetary requirements of the business for the next three or five years of

operation.

• short-term budget

• average-term budget

• medium-term budget

• long-term budget

financial expression of the vision-mission of the business. It defines the financial

direction of the business for the next five or ten years.

• short-term budget

• average-term budget

• medium-term budget

• long-term budget

a budget prepared based only on one level of production capacity

• Fixed Budget

• Flexible Budget

• Sales Budget

• Cash Budget

a budget prepared showing a projected cost at different levels of production

• Fixed Budget

• Flexible Budget

• Sales Budget

• Cash Budget

a budget that reflects the expected cash receipts from sales, collection of accounts and notes

receivable, sale of other assets, proceeds of borrowings, and the expected cash disbursement of payments

on operating expenses, interest, taxes, and loans

• Fixed Budget

• Flexible Budget

• Sales Budget

• Cash Budget

a budget that reflects the expected number of units to be sold based on the forecast made

from the performance of previous years and other marketing variables.

• Fixed Budget

• Flexible Budget

• Sales Budget

• Cash Budget