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Jouer Test
1. 
What is a cost budget?
A.
An investment strategy
B.
A revenue forecast
C.
A profit margin analysis
D.
A financial plan for expected costs over a specific period.
2. 
Which of the following is a key component of a cost budget?
A.
Projected sales
B.
Customer demographics
C.
Estimated expenses
D.
Market analysis
3. 
What does a cost budget help organizations manage?
A.
Customer satisfaction
B.
Employee performance
C.
Financial resources
D.
Product quality
4. 
What is the primary purpose of a cost budget?
A.
To control spending
B.
To increase sales
C.
To expand operations
D.
To hire staff
5. 
Which method is commonly used to create a cost budget?
A.
Flexible budgeting
B.
Rolling budgeting
C.
Zero-based budgeting
D.
Incremental budgeting
6. 
What is variance analysis in cost budgeting?
A.
Evaluating employee performance
B.
Forecasting future sales
C.
Comparing budgeted costs to actual costs
D.
Setting new budget limits
7. 
What is a fixed cost in a budget?
A.
Variable costs that fluctuate
B.
Costs that do not change with service volume
C.
Costs that vary with service level
D.
One-time expenses
8. 
Why is it important to review a cost budget regularly?
A.
To increase profit margins
B.
To hire new employees
C.
To adjust for changes in expenses
D.
To expand product lines
9. 
What role does forecasting play in cost budgeting?
A.
It analyzes market trends
B.
It sets sales targets
C.
It predicts future costs based on historical data.
D.
It evaluates employee performance
10. 
What is the difference between direct and indirect costs?
A.
Direct costs are fixed; indirect costs are variable.
B.
Direct costs can be traced to a specific service project; indirect costs cannot.
C.
Indirect costs are always higher than direct costs.
D.
Direct costs are always labor-related.