A. Group
B. Team
C. Individual
D. Society
A. Add On Budget
B. Bracket Budget
C. Activity Based Budget
D. Cash Budget
A. Net Profit
B. Loss
C. Savings
D. Both a and b
A. Higher Budget
B. Lower Budget
C. Middle Budget
D. Both a and b
A. Monitor
B. Control costs
C. Operations
D. All of the above
A. True
B. False
A. True
B. False
A. Estimation of budgeted revenue
B. Estimation of budgeted expenses
C. Underestimation of budgeted revenue
D. Underestimation of Constrained Resources
A. Amounts
B. Timing
C. Resources
D. Both a and b
A. Inflows
B. Outflows
C. Overflows
D. Both a and b
A. True
B. False
A. True
B. False
A. Increase
B. Decrease
C. Minimum
D. Both b and c
A. Cost Centers
B. Profit Centers
C. Investment Centers
D. Revenue Centers
A. Manufactured
B. Sold
C. Purchased
D. All of the above
A. Expenses
B. Cost
C. Expenditure
D. All of the above
A. Assets
B. Liabilities
C. Stockholders
D. All of the mentioned
A. Executives
B. Managers
C. Creditors
D. All of the above
A. True
B. Flase
A. Unchanged
B. Repetitive expenses
C. Both a and b
D. None of these
A. Activities
B. Revenues
C. Expenses
D. All of the above
A. Income Statement
B. Bank statement
C. Account statement
D. All of these
A. True
B. False
A. True
B. false
A. Operating Budget
B. budget outlines the funds
C. Cost manage
D. Data collection
A. See income statement
B. Refers to a financial statement
C. Presented on a cash
D. None of these
A. True
B. False
A. Planning
B. Opportunity Costs
C. Decision making
D. All of these
A. See income statement
B. refers to a financial statement
C. presented on a cash
D. None of these
A. Program Budget
B. Activity base
C. Value proposition
D. None of these
A. Responsibility Accounting
B. Target and information
C. Assigning cost
D. None of these
A. Revenue Centers
B. Profit center
C. Cost center
D. Investment center
A. Incrementally
B. as fast as greased lightning
C. Immediately
D. progressively
A. Quantity
B. Quality
C. Weight
D. None of these
A. Stakeholder
B. Stockholder
C. shareholder
D. interested parties
A. Static
B. Fixed
C. Dynamic
D. None of these
A. Budgeting
B. Operational
C. Standard costing
D. Internal audit
A. True
B. False
A. Sunk costs
B. Irretrievable cost
C. Irrelevant cost
D. None of these
A. True
B. False
A. True
B. False
A. True
B. False
A. Zero-Based Budget
B. Rigidity
C. unset
D. None of these
A. revenue
B. income value
C. zero-based
D. percentage-focused
A. Financial statements
B. Management memos
C. Revenue sheets
D. Blue pages
A. Zero
B. Sunk
C. Wasted
D. Dropped
A. finance budget
B. cash budget
C. master budget
D. executive budget
A. semi-structured
B. unstructured
C. structured
D. loose
A. financial
B. customer satisfaction
C. internal business process
D. learning and growth culture
A. Organizational control
B. Performance Management
C. Operational control
D. Feedback control