Buss2 Using Budgets

  • Created by: Rebecca
  • Created on: 22-11-12 16:22
An established plan or prediction used to calculate financial figures, and to set aims and objectives
Budget
1 of 18
Actual-Predicted=?
Variance
2 of 18
Including the involvement of other functional areas and how they are affected by budgets is
Analysis
3 of 18
If a variance is good for the business then it is...
favourable
4 of 18
these can help to asses the size of the budget to assign to each functional area is an_______of budgets?
advantage
5 of 18
variance=______-predicted
actual
6 of 18
higher cost for supplies is a reason for?
change in variance
7 of 18
something that employees earn that can affect a cost variance?
wages
8 of 18
An unmotivated workforce can lead to a ________ cost variance?
adverse
9 of 18
An unmotivated workforce decreases?
productivity
10 of 18
10,000 predicted costs and an actual cost amount of 20,000 leads to an ______variance
adverse
11 of 18
variance=Actual- ______
predicted
12 of 18
There are how many types of budgets?
three
13 of 18
this budget is used to plan how much the business should spend
expenditure budget
14 of 18
'budgets can take a long time to draw up' is a _______ of a budget
disadvantage
15 of 18
this budget is used to plan how much money the company should make after total costs are taken away from revenue...
profit budget
16 of 18
this is a prediction of the amount of money coming into the business over a set period of time...
income budget
17 of 18
the sub-category for this crossword is
using budgets
18 of 18

Other cards in this set

Card 2

Front

Actual-Predicted=?

Back

Variance

Card 3

Front

Including the involvement of other functional areas and how they are affected by budgets is

Back

Preview of the front of card 3

Card 4

Front

If a variance is good for the business then it is...

Back

Preview of the front of card 4

Card 5

Front

these can help to asses the size of the budget to assign to each functional area is an_______of budgets?

Back

Preview of the front of card 5
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