3. Finance and Accounts

Budgets — Quiz

Test your understanding of budgets with 5 practice questions.

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Practice Questions

Question 1

What is a budget in business management?

Question 2

Which type of budget focuses on the money expected to come into and go out of the business?

Question 3

Why do managers use budgets?

Question 4

What is the main difference between a fixed budget and a flexible budget?

Question 5

What is variance in budgeting?
Budgets Quiz — IB Business Management HL | A-Warded