This quiz works best with JavaScript enabled. Home > Accounting > Budgeting > The Master Budget > The Master Budget – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books The Master Budget Quiz 2 (9 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is NOT one of the factors that is considered in sales forecasting? A) Industry trends. B) Technological developments. C) CEO's input. D) Price changes. Show Answer Correct Answer: C) CEO's input. 2. A budget that describes the activities that generate revenue for the company A) Financial budget. B) Sales budget. C) Operational budget. D) Master budget. Show Answer Correct Answer: C) Operational budget. 3. This is the cost of the personnel directly linked to production (salary), i.e. the personnel involved in the transformation of the material into the finished product, the employees who work directly with the product. A) Direct labor cost. B) Indirect labor cost. C) Cost centre. D) None of above. Show Answer Correct Answer: A) Direct labor cost. 4. A budget that relates activity volume to the amount of rupiah budgeted is a type of budget ..... A) Static. B) Incremental. C) Zero-based. D) Flexible. Show Answer Correct Answer: D) Flexible. 5. Who is responsible for the budget? A) Shareholders. B) Investors. C) Management. D) Accountants. Show Answer Correct Answer: C) Management. 6. Financial budgeting refers to A) All budgets of the firm. B) Budgets for cash flows. C) Budgets for sales. D) Budgets for production. Show Answer Correct Answer: B) Budgets for cash flows. 7. This budget is always the first one to be prepared. A) Sales. B) Direct labor. C) Production. D) Direct materials. Show Answer Correct Answer: A) Sales. 8. Basically those who are authorized and responsible for the preparation of the budget and the implementation of budgeting activities are A) Top management of the company. B) Senior employees. C) Company manager. D) The head of the company. Show Answer Correct Answer: A) Top management of the company. 9. It's a scheduled estimatesystematically from theoperating conditions and theresults to be obtained by aorganism in a perioddetermined. A) Fiancial Statement. B) Cash flow. C) Budget. D) None of above. Show Answer Correct Answer: C) Budget. ← PreviousRelated QuizzesBudgeting QuizzesAccounting QuizzesThe Master Budget Quiz 1 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books