LEARNING OUTCOME THREE: Be Able To Make Financial Decisions Based On Financial Information10/28/2016 LESSON OBJECTIVE
Assessment Criteria AC 3.1 Analyse budgets and make appropriate decisions Below are questions pertaining to lesson 8. Please ensure to answer each question correctly. 1. What is a budget? 2. True or False: Most organizations develop and make use of three different types of budgets. 3. Name the three types of operating budgets? 4. List two advantages of a cash budget.
12 Comments
Evennecia thompson
10/30/2016 06:10:34 am
1. This can be defined as an approximation, prediction, or projection of a quantity based on experience and/or information available at the time, with the recognition that other pertinent facts are unclear or unknown. An estimate is almost the same as an educated guess, and the cheapest (and least accurate) type of modeling. (BusinessDictionary.com, 2016)
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Keidean Reid
10/30/2016 11:05:50 am
1. An estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals
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Thya Rodney
10/30/2016 11:16:02 am
1. A cash budget is "a budget or plan of expected cash receipts and disbursements during the period (My Accounting Course, 2016).
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Yasheika Lindsay
10/30/2016 02:44:09 pm
1. A cash budget is "a budget or plan of expected cash receipts and disbursements during the period"("Cash Budget").
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10/30/2016 02:47:36 pm
1. What is a budget?
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Teneisha Kennedy
10/30/2016 03:58:19 pm
1 A budget is an estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals.( businessdictionary.com 2016)
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Shanyel Garricks
10/30/2016 05:34:50 pm
1. What is a budget?
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Nicka
10/30/2016 05:53:05 pm
UNIT 2 AC3.1
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SHASHIE MILLS
10/30/2016 07:31:54 pm
1. a budget is "an invaluable tool to help you prioritize your spending and manage your money no matter how much or how little you have" (Personalfinance.duke.edu, 2012).
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shadea fulwood
10/30/2016 09:16:18 pm
1. What is a budget?
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Amoy Gentles
11/2/2016 07:15:54 am
1. What is a budget?
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shanique davis
11/6/2016 06:56:10 pm
1. "An estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals". (BusinessDictionary.com, 2016).
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