2 Written Questions

1. Planning the financial operations of a business.
2. An income statement containing sales, cost, and expense information for two or more years.

2 Multiple Choice Questions

1. A written financial plan of a business for a specific period of time.
   1. Budget period
   2. Performance report
   3. Budget
   4. Budgeting
2. A report showing a comparison of projected and actual amounts for a specific period of time.
   1. Budget
   2. Budget period
   3. Budgeting
   4. Performance report

1 True/False Question

1. Budget period → Planning the financial operations of a business.

   True        False