Budget Planning Quiz
5 Questions
2 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does a deficit in a budget indicate?

  • Expenditures exceed income or other resources (correct)
  • Income exceeds expenditures by a small margin
  • There is no surplus or deficit
  • Expenditures are exactly equal to income

    • What is a budget primarily used for?

  • Recording historical financial data
  • Predicting future economic trends
  • Calculating tax liabilities
  • Expressing strategic plans in measurable terms (correct)

    • Who prepares the federal budget in the United States?

  • The Federal Reserve
  • The Congressional Budget Office
  • The Office of Management and Budget (correct)
  • The Department of Treasury

    • What are the three types of government budgets mentioned in the text?

    <p>Operating, capital, and cash flow budget</p> Signup and view all the answers

    Which department is responsible for preparing the annual budget in India?

    <p>Budget Division Department of Economic Affairs of the Ministry of Finance</p> Signup and view all the answers

    More Like This

    Sales Budgets in Business Finance: Understanding Concepts and Components
    10 questions

    Sales Budgets Quiz and Flashcards: Master Key Concepts

    IntegratedAmericium avatar
    IntegratedAmericium
    Public Finance: Budget and Expenditure Planning
    18 questions

    Public Finance: Budget and Expenditure Planning

    AvailableInspiration avatar
    AvailableInspiration
    Budget Planning and Adjustments
    10 questions

    Budget Planning and Adjustments

    MesmerizedHarmonica avatar
    MesmerizedHarmonica
    Siklus Penyusunan APBN
    32 questions

    Siklus Penyusunan APBN

    AstoundedInfinity4647 avatar
    AstoundedInfinity4647
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser