1. 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.).

i. Operating

ii. Capital

iii. Flexible

4. Performance
5. Special Purpose
6. Master

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.