What is an essential difference between a forecast and a budget?
A) Forecasts are made once a year, budgets are made each relevant accounting period
B) Forecasts express market expectations, budgets express business objectives
C) Forecasts are made on a "rolling" basis; budgets are based on historical performance
D) Forecasts are drawn up after and based on budgets
Correct Answer:
Verified
Q2: A local business college has 600 students
Q3: What is a discretionary fixed cost?
A) A
Q4: In what order are the following reports
Q5: The Rooms director of the Swansea Best
Q6: Fill in the blanks in this "rule
Q7: Consider the following two statements from F&B
Q8: A business starts the accounting period with
Q9: Expenses can be linked to:
A) Past cash
Q10: What is the objective of engagnig in
Q11: The Lucky Inn budgeted revenue of $12,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents