Sign Up/Log In

Understand business budgeting

Your Score: 0/5

Question 1 of 5

What is a cashflow budget?

a comparison of figures

an estimate based on the past

a way of measuring performance

a plan for the future

What are expenses?

the costs incurred to produce a product

income from the sale of products

capital costs

projected activity

What is the marketing budget part of?

capital budget

production budget

cash flow budget

operational budget

Why is it important to monitor a budget?

to look for variance

to ensure good communication

to reconcile cashflow

to check achievement of targets

If a budget is revised, it is important to:

eliminate variances

communicate the changes

set motivational targets

allocate more money

Quiz Complete!

You scored: 0 out of 5