HPGD2203 Topic 4 : Budgeting Quiz

What is a major component of a budget?

• Accounting records

• Performance reports

• Sales budget

• Property budget

Which approach to budgeting involves adjusting the previous year's budget with increments for changes in volume?

• Incremental budgeting

• Zero budgeting

• Limited plan

• Base budgeting

What is the purpose of school budgeting related to controlling finances?

• Setting limits on spending

• Enhancing employee morale

• Improving academic achievement

• Developing programme plans

What is the main objective of school budgeting related to matching income and expenditure?

• Forecasting

• Coordinating activities

• Strengthening accountability

• Allocating resources

Which budgeting approach involves giving the principal and instruction staff more control over budget, personnel, and organization at the school level?

• Site-based budgeting

• Programme budgeting

• Zero budgeting

• Limited plan budget

What is a key function of a budget related to reflecting bargains and compromises made in the past?

• A form of power

• Predictions of future actions

• Records of the past

• A statement about the future

Which budgeting approach involves translating alternative programmes into fiscal and non-fiscal requirements?

• Zero budgeting

• Limited plan budget

• Programme budgeting

• Pragmatic budget

What is the purpose of school budgeting related to evaluating effectiveness of spending decisions?

• Coordinating activities

• Forecasting

• Planning

• Evaluating effectiveness

Which budgeting approach involves adjusting the previous year's budget with increments for changes in volume?

• Base budgeting

• Limited plan budget

• Incremental budgeting

• Zero budgeting

What is one of the key functions of a budget related to serving as signals of the preferences of others?

• Records of the past

• A statement about the future

• A form of power

• Signals