Multiple choice

Question 1 

Traditional organizational budgets are typically __________ oriented. 

A. program 

B. expense 

C. activity 

D. operationally 

Question 2  

The name given to the budgeting process that aggregates income and expenditures across projects is: 

A. activity-oriented budget. 

B. top-down budget. 

C. bottom-up budget. 

D. program-oriented budget. 

Question 3  

The first unit requires 10 hours to complete. If the industry uses an 80 percent learning rate, how long should the third unit take? 

A. 10 hours 

B. 9 hours 

C. 8 hours 

D. 7.02 hours 

Question 4  

The first unit required 6 hours. If the industry uses a 90 percent learning rate, how long should the fourth unit take? 

A. 6 hours 

B. 4.86 hours 

C. 3.75 hours 

D. 3.34 hours