What is the name for quantified prediction of results that are expected to be achieved by the entity in the future?
What is the name for financial plan which works as a kind of target?
Budget can be set as flexible depending on the sales volume. Is this assertion correct?
What is the name for budget, which is continuously updated by deducting the figures for periods that have passed and adding the “missing” future period figures?
What is the name for budget that comes either from actual results or previous budget and adjusts it for the expected and planned changes?
Which budget must be prepared first?
Actual revenues differ from planned revenues. What is the formula for calculation what part of the variance is driven by changes in sales price (i.e. price variance)?
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