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Match the following budget related terms with its proper description. This is the starting point for budgeting in a for-profit organization Answer 1 A type

Match the following budget related terms with its proper description. This is the starting point for budgeting in a for-profit organization Answer 1 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. Answer 2 Your church probably uses this type of budgeting because there is a weak relationship between inputs and outputs Answer 3 Some governments use this type of budgeting which requires a justification for any level of spending (remember President Jimmy Carter and Georgia? yes I'm old) Answer 4 Some managers increase their projected expenses in order to create this margin for their performance measure. Answer 5 would be appropriate for a project manager to use for a project to remodel the President's office Answer 6 These are the result of the budget process and show pro forma figures Answer 7

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