Quiz on Budgets in Private Companies
Authored by Noel Galeas
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University
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a sales budget in a private company?
To forecast cash flow
To maintain visibility of product or service profitability
To plan for long-term investments
To estimate future expenses
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between a forecast and a budget?
A forecast is a plan of work while a budget is an estimation of future expenses
A forecast details sales completions while a budget estimates cash flow
A forecast is a plan of work while a budget is an estimation of what will actually be achieved
A forecast is a plan of work while a budget is a financial statement
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the management of a company view budgets?
As a forecast of future expenses
As long-term investments
As a plan of work for all areas and activities
As financial statements
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of a short-term budget?
To cover the organization's planning for a year's operations
To estimate future expenses
To plan for long-term investments
To project the general activity of the company
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a budget of cash flow?
To diagnose future cash inflows and outflows
To plan for long-term investments
To forecast sales completions
To estimate future expenses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the principle of diversification in capital investment?
Choosing the most valuable assets
Choosing the most flexible assets
Choosing the highest quality assets
Choosing multiple options instead of a single one
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the budget of capital investment used for?
To estimate future expenses
To plan for the company's cash flow
To forecast sales completions
To plan for long-term investments
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