PU COM 2026 Budgeting Free Quiz 1

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PU COM 2026 Budgeting Free Quiz 1

PU COM Quiz

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Answered: 0 / 10

Remaining: 10

Navigator 10 Q

General

General 10 MCQs

1. What is a budget?

A. Financial plan B. Forecast C. Projection D. Estimate

2. What is a cash budget?

A. Sales budget B. Cash budget C. Production budget D. Capital budget

3. What is a sales budget?

A. Cash budget B. Production budget C. Sales budget D. Purchase budget

4. What is a production budget?

A. Cash budget B. Sales budget C. Purchase budget D. Production budget

5. What budget adjusts for changes in activity level?

A. Flexible budget B. Fixed budget C. Static budget D. Master budget

6. What is a master budget?

A. Cash budget B. Master budget C. Sales budget D. Production budget

7. What does budget preparation involve?

A. Revenues only B. Costs only C. Revenues, costs, and profits D. Profits only

8. What is the main advantage of budgeting?

A. Planning only B. Controlling only C. Forecasting only D. Planning and controlling

9. What is a purchase budget?

A. Purchase budget B. Sales budget C. Production budget D. Cash budget

10. What is the difference between budgeted and actual amounts called?

A. Budget surplus B. Budget variance C. Budget deficit D. Budget balance

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