Budget, Finance, And Economics Questions! Quiz

17 Questions | Total Attempts: 324

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Budget, Finance, And Economics Questions! Quiz - Quiz

Budget, finance, and economics questions quiz. Budgeting is the act of coming u with funds and deciding which activities to use the money on to increase the profits of a company. There is no way a business can function without taking economic factors into consideration and the quiz below is perfect for seeing how well you understand them. Give it a shot and feel free to take the quiz as many times as you need.


Questions and Answers
  • 1. 
      Jan Injures   Deaths     2002 2001 2000   2002 2001 2000     Feb                   Mar Apr                   May                 5 month Totals 16,721 18,630 19,872          301 - 314        321 ~   Using the table above what is the % decrease of injuries between the year 2000 and 2001 from the 5-month totals and also what is the % decrease of deaths between the year 2001 and 2002 from the 5-month totals?
    • A. 

      6.3 and 4.1

    • B. 

      5.l and 4.5

    • C. 

      4.7 and 5.5

    • D. 

      4.5 and 5.1

  • 2. 
      Jan Injures   Deaths     2002 2001 2000   2002 2001 2000     Feb                   Mar Apr                   May                 5 month Totals 16,721 18,630 19,872          301 - 314        321 ~   Using the table what is the % increase of injuries from the total 5-month in 2002 and 2000?
    • A. 

      Less than 9.8%

    • B. 

      Between 9.8% and 11%

    • C. 

      Between 10% and 12%

    • D. 

      Greater than 12%

  • 3. 
    In comparing two alternatives based on economic analysis determine best one by:
    • A. 

      Use past expenditures

    • B. 

      Identify the events that are independent of each other for both alternatives

    • C. 

      Identify the different costs of each alternative

    • D. 

      Base it on the length of time of each alternative

  • 4. 
    What is the best way to maintain control of costs?
    • A. 

      Evaluate monthly expenditures based on a carefully formulated program

    • B. 

      Personally review all expenditures before any disbursements are made

    • C. 

      Assign all authority to one staff member

    • D. 

      Submit weekly expenditures to superior for review

  • 5. 
    Which of the following should the anticipated budget requirements for the next fiscal year, whenever possible, be based on?
    • A. 

      Changes in legal requirements

    • B. 

      Increases in population

    • C. 

      Price trends in financial markets

    • D. 

      A work program

  • 6. 
    Sound budgeting and good planning will
    • A. 

      Provide a basis of managing resources

    • B. 

      Guarantee project has adequate fund

    • C. 

      Save money for next year

  • 7. 
    Reason for financial planning and budgeting?
    • A. 

      Provide basis to gauge performance and plan for the future funds

    • B. 

      Guarantee project future fund

    • C. 

      Save money for next year

    • D. 

      Overcharge rate payers

  • 8. 
    On border line cases analysis, the reason for favoring the longer-lived items is:
    • A. 

      Anticipated technological changes

    • B. 

      High Cost of Replacement

    • C. 

      Change of Service Requirement

  • 9. 
    In determining what fuel type to use in power plant, a comparison of the ratio of costs per _____
    • A. 

      Unit consumed

    • B. 

      Volume of consumption

    • C. 

      Generation output unit

  • 10. 
     A capitalized cost analysis is equivalent to:
    • A. 

      Present value of overall project + perpetual future replacement cost

    • B. 

      Present worth of the cost

    • C. 

      Year end payment to sinking fund

    • D. 

      Cost of investment…

  • 11. 
    Of the following, when you prepare the anticipated budget for the next fiscal year, which one is the least concern?
    • A. 

      Change of legal enforcement

    • B. 

      Increase of population

    • C. 

      Price change with market trends

    • D. 

      A work program

  • 12. 
    Which one is the least important factor for a budget to be successful or failure?
    • A. 

      Preparing budget

    • B. 

      Operating budget

    • C. 

      Obtain manager’s support for budget

    • D. 

      Comparing with prior year’s budget

  • 13. 
    A wind farm rated at 100MW has a capacity factor of 30%. The cost is $0.05/kWHr under a PPA agreement. What is the annual cost to be budget for this generation source?
    • A. 

      $1.5M

    • B. 

      $ 9M (???)

    • C. 

      $15 M

    • D. 

      $45M

  • 14. 
    What is the best way to maintain control of costs?
    • A. 

      Evaluate monthly expenditures based on a carefully formulated program

    • B. 

      Personally review all expenditures before any disbursements are made

    • C. 

      Assign all authority to one staff memeber

    • D. 

      Submit weekly expenditures to superior for review

  • 15. 
    Which of the following should the anticipated budget requirements for the next fiscal year, whenever possible, be based on? 
    • A. 

      Changes in legal requirments

    • B. 

      Increases in population

    • C. 

      Price trends in financial markets

    • D. 

      A work program

  • 16. 
    A fund set aside and growing with interest in anticipation of a failure expenditure is called
    • A. 

      Surplus fund

    • B. 

      Sinking fund

    • C. 

      Revolving fund

    • D. 

      Bank reserve

  • 17. 
    What is not a primary consideration to making a capital budget?
    • A. 

      Scoping of the project

    • B. 

      Alternatives

    • C. 

      The Business case

    • D. 

      Human Resources

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