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Annual Budget
Which of the following is not a functional budget?
Labor budget
Cash budget
Materials budget
Expenses budget
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Comment
Annual Budget
The overall summary budget encompassing all the individual budgets is called as:
Flexible budget
Master budget
Production budget
None of these
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Comment
Annual Budget
The Annual Budget Statement shows separately:
The sums required to meet expenditure described by the Constitution as expenditure charged upon the Federal Consolidated Fund
The sums required to meet other expenditure proposed to be made from the Federal Consolidated Fund; and shall distinguish expenditure on revenue account from other expenditure
Both A and B
None of these
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Annual Budget
A budgetary deficit means:
Total expenditure is more than total revenue
Current expenditure is more than current revenue
Capital expenditure is more than capital revenue
Total expenditure is more than current revenue
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rikazzz
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Annual Budget
The marginal rate of tax paid is:
The total tax paid / total income
Total income / total tax paid
Change in the tax paid / change in income
Change in income / change in the tax paid
Author:
rikazzz
Comment
Annual Budget
Investment is:
An injection that increases aggregate demand
A withdrawal that increases aggregate demand
An injection that decreases aggregate demand
A withdrawal that decreases aggregate demand
Author:
rikazzz
Comment
Annual Budget
__________ is based on a review of historical performance and then the projection of such findings to the future with modifications. If inflation is high, for instance, cost trends of the last several years are projected forward but with adjustments both for inflation and for projected growth or decline in business activity.
Zero based budgeting
Fiscal based budgeting
Revenue based budgeting
Traditional budgeting
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rikazzz
Comment
Annual Budget
Injections:
Decrease aggregate demand
Always equal savings
Always equal national income
Include investment and export spending
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rikazzz
Comment
Annual Budget
What is most likely to cause the government to have a budget surplus?
An increase in exports
An increase in unemployment
A decrease in government spending
A decrease in private sector investment
Author:
rikazzz
Comment
Annual Budget
According to the law of demand, when:
Price increases demand decreases
Price decreases demand decreases
Price increases demand increases
Price decreases demand does not change
Author:
rikazzz
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