Other questions in this quiz

2. Bottom up / participative budgeting approach to managing budgets:

  • is a lie
  • involves the participation of the work force who then submits the budgets to their superiors
  • involves senior management laying down the budget with little or no employee involvement

3. Headings along top horizontal axis of a CASH BUDGET

  • Months
  • Titles of expenses
  • Company name

4. Two subheadings (Vertical axis)

  • Profit: payments
  • Reciepts; Payments
  • Payments; Revenue

5. Inventories budget includes (down vertical axis):

  • Bank over draft; Purchases : Inventories used: Closing balance
  • Opening balance; Purchases : Inventories used: Closing balance
  • Cash balance; Purchases : Inventories used: Closing balance

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