Q17:

Among the advantages of object of expenditure approach all the following except

a.

It can be easily incorporated into the accounting system.

b.

Readers and preparers can easily understand the budget.

c.

It provides data useful primarily in the short run planning.

d.

Budgets are uncomplicated and can easily be prepared.

Q18:

Business organizations uses many types of budgets, the main budget used in governmental organizations is:

a.

Long term budget

b.

Cash forecast budget

c.

Capital Budget

d.

Operating budget