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Questions and Answers
Which one of these is the definition of a budget?
Which one of these is the definition of a budget?
- A financial plan for a defined period of time (correct)
- A summary of intended expenditures
- A deficit in which expenses exceed income
- The sum of money allocated for a particular purpose
What does a budget include?
What does a budget include?
- Planned sales volumes and revenues
- Resource quantities, costs and expenses
- Assets, liabilities and cash flows
- All of the above (correct)
What is the purpose of a budget surplus?
What is the purpose of a budget surplus?
- To analyze variations in estimates
- To cover expenses that exceed income
- To provide money for use at a future time (correct)
- To express strategic plans in measurable terms
What is the purpose of a capital expenditure budget?
What is the purpose of a capital expenditure budget?
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What is the demand for grants of the Central government?
What is the demand for grants of the Central government?
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Which one of these is the purpose of a budget deficit?
Which one of these is the purpose of a budget deficit?
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Which one of these is the correct definition of a budget?
Which one of these is the correct definition of a budget?
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Which one of these is the correct description of a capital expenditure budget?
Which one of these is the correct description of a capital expenditure budget?
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What does a budget include?
What does a budget include?
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What is the demand for grants of the Central government?
What is the demand for grants of the Central government?
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