1) Which of the following may be considered to be objectives of budgeting?

a. Co-ordination

b. Communication

c. Expansion

d. Resource allocation

2)

Which of the following is NOT a functional budget?

1. Production budget
2. Distribution cost budget
3. Cash budget
4. Selling cost budget

3.

When preparing a production budget, what does the quantity to be produced equal?

1. Sales quantity + opening inventory of finished goods + closing inventory of finished goods
2. Sales quantity opening inventory of finished goods + closing inventory of finished goods
3. Sales quantity opening inventory of finished goods closing inventory of finished goods
4. Sales quantity + opening inventory of finished goods closing inventory of finished goods