Question

10. Select the best answer from the following to answer the questions (1 point each):

                        i.          Zero-Based

                        ii.         Formula                              

iii.        Flexible

iv.       Cash

v.         Accrual

                        vi.        Capital

A.     _________________________ budgets focus on proposed investments in buildings and equipment.

                               

B. If your CEO told you to prepare a budget for next year that included the revenue and support that you expected to collect (as opposed to bill) during the year, that would be an example of a(n) ___________________ budget.

C. (An) ______________________ budget recognizes revenue when the organization expects to earn revenues while a(n) _____________________ budget recognizes revenues when the organization expects to collect them.

Answer 1

A.

Capital budget focuses on investment in building and equipments.

B.

Flexible budget

C.

(An) _____________Accrual_________ budget recognizes revenue when the organization expects to earn revenues while a(n) ___Cash__________________ budget recognizes revenues when the organization expects to collect them.