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Major Factors Influencing the Budgeting Process

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What happens in a top-down organization with respect to budgeting?

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1. Which of these is a cost center?

2. Which of these is a profit center?

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About This Quiz & Worksheet

This quiz was developed as an assessment of your understanding of the words and concepts regarding factors impacting the budgeting process. You will be asked about such things as budgeting in a top-down organization and cost centers.

Quiz & Worksheet Goals

The quiz will query you about the budgeting process, like:

  • A top-down organization with respect to budgeting
  • Cost centers
  • Profit centers
  • Cost center and profit center objectives

Skills Practiced

You will test such skills as:

  • Interpreting information - verify that you can review information regarding cost centers and interpret it correctly
  • Information recall - access the knowledge you've gained regarding top-down organizations
  • Knowledge application - use your knowledge to identify priorities for both cost centers and profit centers

Additional Learning

Get to know more by studying the lesson called Major Factors Influencing the Budgeting Process. In this lesson you will:

  • Examine how different parts of the organization jockey for pieces of the budgetary pie
  • Review how a profit, cost or responsibility center matters
  • See how organizational structure affects the budget process
  • Compare the top-down versus bottom-up approach
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