1. Which budget details the number of employee positions that are approved?

   a. Authorized personnel

   b. Statistical

   c. Revenue

   d. Capital

2. Which of the following is not a step of budget development?

   a. Determine benchmark costs

   b. Quarterly review of expenses

   c. Review the monthly budget

   d. Track historical revenues and costs

3. Which of the following is not true of the capital budget?

   a. It is updated yearly.

   b. It is based on a useful life.

   c. It is used to schedule the purchase of assets.

   d. Depreciation charges are not included in it.