Budget

Budget

University

8 Qs

quiz-placeholder

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Budget

Budget

Assessment

Quiz

Other

University

Hard

Created by

Madura Raut

Used 6+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Method in which a budget established at the beginning of an accounting period is continuously amended to reflect variance that arises due to changing circumstances.

Short term budget

Long term budget

Current budget

Rolling Budget

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The _____________ is a summary of company’s plans that sets specific targets for sales, production, distribution and financing activities.

Sales budget

Master budget

Purchase budget

Research & Development budget

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Fund Procurement is part of ___________stage of budget cycle.

Preparation

Execution

Evalutation

Audit

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of below is NOT factors affecting budget planning

Accommodation available

Seating capacity

Excess labour

Quality of management

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Formula for Forecasting room revenue is ______________.

Rooms in hotel X RevPAR X occupancy percentage

Rooms sold X occupancy percentage X ADR

Rooms available X occupancy percentage X ARR

Rooms available X occupancy percentage X ADR

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Execution stage occurs six months after the start of the fiscal year.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Zero based budget is a type of budget classified according to expenditure.

TRUE

FALSE

8.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Research & Development Budget used for development or enhancement of a product or service.

TRUE

FALSE