1. Which of the following 2 statements are referred to Periodic Budgeting;

Select one or more:

A. Periodic budgeting is typically not performed even once per budget period

B. Planners may, never update or revise the budget based on latest unrealistic forecasts.

C. Periodic budgeting is typically performed once per budget period - usually once a year

D. Planners may, however, update or revise the budget based on latest realistic forecasts.

2. What are Continuous budgets?

Select one:

A. As no budget period passes, planners drop that budget period from the master budget and delete a future budget period in its place -usually a month or a quarter

B. As one budget period passes, planners add that budget period from the master budget and ignore a future budget period in its place -usually on weekly

C. As two budget period passes, planners drop that budget period from the slave budget and add a future budget period in its place -usually a month or a quarter

D. As one budget period passes, planners drop that budget period from the master budget and add a future budget period in its place -usually a month or a quarter

3. The length of the Rolling budget period reflects on which of the following?

Select one:

A. the competitive forces, skill requirements, and technology changes that the competitor organisation faces

B. the competitive forces, skill requirements, and technology changes other organisation faces

C. the uncompetitive forces, un-skill requirements, and technology changes that the organisation faces

D. the competitive forces, skill requirements, and technology changes that the organisation faces

4. What are periodic budgets?

Select one:

A. Periodic budgeting eliminate planning benefits at a smaller cost usually become out of date

B. Periodic budgeting provides planning benefits at a smaller cost usually becomes out of date

C. Periodic budgeting provides no planning benefits at a larger cost usually becomes out of date

D. Periodic budgeting provides planning benefits at no cost becomes out of date

5. Which of the following is False in the Budgeting processing?

Select one:

A. Co-ordinate and review (Master budget)

B. No negotiation for resources

C. Identify principal budget factor (Sales Budget)

D. Policy from Board (Gives authority)

E. Final Acceptance & Ongoing review

Thank you very much.