Preparing a Selling & Administrative Expense Budget

Instructions:

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

question 1 of 3

What is a selling and administrative expense budget?

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1. Which is an example of an item on the selling and administrative expense budget?

2. Which of these would NOT be covered in the selling and administrative expense budget?

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About This Quiz & Worksheet

Budgets and reports are essential tools for businesses, and this quiz has been designed to measure what you know about selling and administrative expense budgets. To pass this quiz, you will need to know term definitions as well as the uses for this type of budget.

Quiz & Worksheet Goals

Access these assessment tools to verify your level of familiarity with the following:

  • Selling and administrative expense budget definition
  • Item examples for these budgets
  • What is and is not included in these budgets
  • Links between this budget and other company documents

Skills Practiced

Preparing with this quiz and worksheet combo will let you upgrade the following skills:

  • Critical thinking - apply relevant concepts to examine information about budget item examples in a different light
  • Information recall - access the knowledge you've gained regarding when to include cash on hand in these budgets
  • Knowledge application - use your knowledge to answer questions about what is included in these budgets

Additional Learning

To acquire even more knowledge about this type of budget, refer to the Preparing a Selling and Administrative Expense Budget lesson. Within this lesson, you will certainly find the answers to the quiz questions, but you will also find a discussion of the following topics:

  • Possible inclusions within this budget
  • Relation to the net operating income
  • Connection to the budgeted balance sheet
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