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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is a budget?
💡 Hint: Think about what a budget quantifies.
Question 2
Easy
What is the purpose of using a sales forecast?
💡 Hint: Consider why knowing future revenue is useful.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is a budget primarily used for?
- Estimating future sales only
- Planning and controlling finances
- Developing marketing strategies
💡 Hint: Think of budgeting as a roadmap for finances.
Question 2
True or False: Contingency buffers are used for planned expenses.
- True
- False
💡 Hint: Contingencies are meant to deal with surprises.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A startup estimates its sales will be influenced by a competitor launching a similar product. How should it adjust its budget strategy to ensure financial stability?
💡 Hint: Think about how competition affects sales.
Question 2
Evaluate how introducing new features to a health app impacts the initial budget in terms of development cost and expected return on investment.
💡 Hint: Consider cost-benefit analysis.
Challenge and get performance evaluation