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.
6.3 and 4.1
5.l and 4.5
4.7 and 5.5
4.5 and 5.1
Less than 9.8%
Between 9.8% and 11%
Between 10% and 12%
Greater than 12%
Use past expenditures
Identify the events that are independent of each other for both alternatives
Identify the different costs of each alternative
Base it on the length of time of each alternative
Evaluate monthly expenditures based on a carefully formulated program
Personally review all expenditures before any disbursements are made
Assign all authority to one staff member
Submit weekly expenditures to superior for review
Changes in legal requirements
Increases in population
Price trends in financial markets
A work program
Provide a basis of managing resources
Guarantee project has adequate fund
Save money for next year
Provide basis to gauge performance and plan for the future funds
Guarantee project future fund
Save money for next year
Overcharge rate payers
Anticipated technological changes
High Cost of Replacement
Change of Service Requirement
Unit consumed
Volume of consumption
Generation output unit
Present value of overall project + perpetual future replacement cost
Present worth of the cost
Year end payment to sinking fund
Cost of investment…
Change of legal enforcement
Increase of population
Price change with market trends
A work program
Preparing budget
Operating budget
Obtain manager’s support for budget
Comparing with prior year’s budget
$1.5M
$ 9M (???)
$15 M
$45M
Evaluate monthly expenditures based on a carefully formulated program
Personally review all expenditures before any disbursements are made
Assign all authority to one staff memeber
Submit weekly expenditures to superior for review
Changes in legal requirments
Increases in population
Price trends in financial markets
A work program
Surplus fund
Sinking fund
Revolving fund
Bank reserve
Scoping of the project
Alternatives
The Business case
Human Resources