wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Budgeting

Total questions: 15

Worksheet time: 10mins

Name
Class
Date
1.

A budget process that involves the formulation of estimates of revenues and expenditures by the executive departments and agencies.

a)

Budget Preparation

b)

Budget Authorization

c)

Budget Execution

d)

Budget Accountability

2.

Factors that impact the outcome of a project, like changes in production levels or decreases in customer satisfaction, are intangible costs.

a)

Intangible Cost

b)

Tangible Cost

c)

Real Cost

d)

Indirect Cost

3.

Guess the Philippine Government logo

(a)  

4.

MOOE means

(a)  

5.

Guess the Philippine Government logo

(a)  

6.

A budget process that covers the allotment of appropriations by the central budget authority to, and the incurrence of obligations by, the spending departments and agencies of government.

a)

Budget Authorization

b)

Budget Preparation

c)

Budget Accountability

d)

Budget Execution

7.

These expenses are not directly associated with the project but the company needs to include them in the budget. They can include rent, utilities and administrative expenses.

a)

Direct Cost

b)

Indirect Cost

c)

Real Cost

d)

Tangible Cost

8.

This involves the reporting of actual performances against plans or targets.

a)

Budget Preparation

b)

Budget Authorization/Legislation

c)

Budget Execution

d)

Budget Accountability

9.

Implementing Guidelines on the Direct Release and Use of Maintenance and Other Operating Expenses (MOOE) Allocations of Schools, including other funds managed by schools.

a)

DO # 12, s. 2016

b)

DO # 13, s. 2016

c)

DO # 14, s. 2016

d)

DO # 15, s. 2016

10.

The following statements are the importance of cost analysis, except

a)

Solves problem

b)

Help decision-making

c)

Worsen the problem

d)

Keeps stakeholder involved

11.

This is the cost that relates to supporting a project, like purchasing tools and paying employees.

a)

Direct Cost

b)

Indirect Cost

c)

Real Cost

d)

Tangible Cost

12.

Comparing your data to other cost analysis projects can ensure you have enough information to develop a realistic understanding of your costs and income.

a)

Determine the reason you need a cost analysis

b)

Evaluate Cost

c)

Compare to previous projects

d)

Define all stakeholders

13.

This pertains to the whole range of legislative action on the budget, leading to the enactment of a General Appropriations Law for the year. The Philippines House of representatives first conducts hearings/debates on the budget.

a)

Budget Preparation

b)

Budget Authorization/Legislation

c)

Budget Execution

d)

Budget Accountability/Review

14.

This is the cost associated with each product variable, like product type, customer, service or activity.

a)

Direct Cost

b)

Indirect Cost

c)

Real Cost

d)

Tangible Cost

15.

Guess the Philippine Government logo

(a)