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Unit 16:Introduction to Budgeting: Purpose - Investigation

Authored by Hank Chang

Business

9th Grade

5 Questions

Unit 16:Introduction to Budgeting: Purpose - Investigation
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by “resource management” in budgeting?

Hiring more employees

Allocating limited financial, human, and material resources

Expanding office space

Filing taxes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do budgets help with cost control?

They increase spending limits

They establish spending limits and accountability

They remove all expenses

They guarantee profit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Revenue forecasting in budgeting helps businesses:

Predict future income and cash flow

Eliminate expenses completely

Reduce employee salaries

Avoid paying taxes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is budgeting important for decision-making?

It provides data for hiring, investment, and expansion

It guarantees zero debt

It predicts stock market trends

It replaces accountants

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What budgeting function ensures businesses don’t run out of money?

Resource allocation

Cost control

Financial stability

Employee training

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