Question

Match the following budget related terms with its proper description.

Terms: budgetary slack, budgeted financial statements, incremental budgeting, activity-based budgeting, life cycle budget, sales budget, cash budget, zero-based budgeting

1) would be appropriate for a project manager to use for a project to remodel the President's office

2) Some managers increase their projected expenses in order to create this margin for their performance measure

3) These are the result of the budget process and show pro forma figures

4) Some governments use this type of budgeting which requires a justification for any level of spending

5) A church probably uses this type of budgeting because there is a weak relationship between inputs and outputs

6) A type of output/input budgeting, this fairly accurately predicts costs by viewing overhead as a series of activities that are consumed during the producing of products and services.

7) This is the starting point for budgeting in a for-profit organization

Answer 1

Solution

1) ) would be appropriate for a project manager to use for a project to remodel the President's office:-Cash budget

2) Some managers increase their projected expenses in order to create this margin for their performance measure:- Budgetary slack

3) These are the result of the budget process and show pro forma figures:- Budgeted financial statements

4) Some governments use this type of budgeting which requires a justification for any level of spending:- Zero based budgeting

5) A church probably uses this type of budgeting because there is a weak relationship between inputs and outputs:- Incremental budgeting

6) A type of output/input budgeting, this fairly accurately predicts costs by viewing overhead as a series of activities that are consumed during the producing of products and services:- Activity-based Budgeting

7) This is the starting point for budgeting in a for-profit organization:- Sales Budget