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Card 6

Front

What is a 'historical figure' budget?

Back

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Card 7

Front

What are the advantages of historical budgeting?

Back

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Card 8

Front

What are the disadvantages of historical budgeting?

Back

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Card 9

Front

What is a zero based budget?

Back

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Card 10

Front

What are the advantages of a zero based budget?

Back

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Card 11

Front

What are the disadvantages of a zero based budgets?

Back

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Card 12

Front

What is variance analysis?

Back

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Card 13

Front

If a business sales department is budgeted £2500, for example, and they end up only spending £2000. Is this adverse or favourable? And how much by?

Back

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Card 14

Front

Using the same example, what if the department spent £3500?

Back

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Card 15

Front

What is meant by contribution?

Back

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