Biology Forums - Study Force

A fiscal year:
 a. is shorter than the calendar year.
 b. can begin on any date and ends 365 days later (366 days in leap years).
 c. begins January first and ends December 31.
 d. contains 13 accounting periods.

Q. 2

The operating budget that is written from scratch for each budget cycle for which, once the numbers have been established, the budget is set at that level for the budget cycle is called:
 a. incremental/fixed.
 b. incremental/variable.
 c. zero-based/fixed.
 d. zero-based/variable.

Q. 3

An organizational document that is NOT usually considered by the dietetics manager except from an observational perspective is:
 a. the capital budget.
 b. the master budget.
 c. the budget forecast.
 d. the budgeted balance sheet.

Q. 4

A master budget consists of all of the following except:
 a. an operating budget.
 b. a cash budget.
 c. an incremental budget.
 d. a capital budget.

Q. 5

Budget forecasting is:
 a. a control device for regulating spending in an organization.
 b. a guide to help managers handle risk and uncertainties.
 c. one of the major considerations for evaluating a manager.
 d. not unlike forecasting that is done in food service.

Q. 6

Which of the following is NOT true regarding an organization's budget?
 a. A budget makes sure resources are being used to accomplish the overall purpose of the organization.
 b. A good budget does much more than quantify the allocation of resources.
 c. A budget is an organization's business plan expressed in financial terms.
 d. The budget is designed to support the agendas of individual managers.

Answer to #1

b

Answer to #2

c

Answer to #3

d

Answer to #4

c

Answer to #5

d

Answer to #6

d

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