Solved

Match the Type of Budget with the Appropriate Description

Question 16

Matching

Match the type of budget with the appropriate description.

Premises:
revenue
operating
capital
zero-based
statistics
Responses:
long term plan to estimate or predict need for and costs of expenditures for large equipment
an estimate of the volume of sales in commercial operations or services in non-commercial operations
frequently used for large capital requests and require thorough justification for request
a projection of the expected or anticipated income for the financial time period
plan that includes revenues, expenses and changes in inventory and other working capital items

Correct Answer:

revenue
operating
capital
zero-based
statistics
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