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Select from the following to answer questions a to d. ( Note: some terms may not be used in any of the answers while others

Select from the following to answer questions a to d. ( Note: some terms may not be used in any of the answers while others may be used more than once. Also, answers to some questions may involve multiple types of budgets.).

< Operating budget /Capital budget /Flexible budget /Performance budget /Special Purpose budget/ Master budget>

a. _______________________________ are all prepared using accrual accounting

b. _______________ budgets are based on the expected timing of receipts and disbursements.

c. The operating, cash and capital budgets are all parts of the _____________ budget.

d. _________________ budget focuses on an organizations ability to meet its mission.

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