1. Which budget method/approach will have line items such as Personnel, Supplies, Contracts, Land, Leases, Copying/Printing, etc.?

Zero-based budgeting

Object-of-expenditure

Program and planning budgeting

None of these choices have such line items.

Performance

2. Which budget method/approach has a limitation that includes outputs being difficult to measure in meaningful units (or in unit cost terms)?

None of these choices has this limitation.

Zero-based budgeting

Object-of-expenditure budgeting

Performance budgeting

Program and planning budgeting

3. An advantage of the Zero-Based Budgeting approach is that:

None of these choices are advantages of the Zero-Based Budgeting approach.

The budgets are easy to prepare and use.

All programs face annual review.

All of these choices are advantages of the Zero-Based Budgeting approach.

Theres an emphasis on measuring inputs and outputs.

5. Budgetary reporting in the Comprehensive Annual Financial Report (CAFR) requires that either the Basic Financial Statements (BFS) or the Required Supplementary Information (RSI) include certain items. One of the items mentioned in the lecture is optional, however. Which item is optional?

The variance

The actual budget

The original budget

The final budget