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– Nelson Mandela

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Module 6 Self-Assessment

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Q Question 1 Budgets include the following objectives as they pertain to business management Question 2 A static budget is one that shows a fiscal plan Question 3 Zero-based budgeting is where managers develop their plan Question 5 A flexible budget is developed as a planning document and reflects costs

Q Question 4 The budget process is based on ______________.

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1.all of the above 2.related to only one level of activity. 3.as if this were the first year of business. 4.estimates. 5.based on a range of activity levels.