 In this presentation, we will take a look at multiple choice questions related to budgeting, going through those questions, and then practicing test-taking skills with them. First question, a plan that lists operating expenses expected that are not including and the selling expenses budget A, overhead budget, B, sales budget, C, cash payments budget, D, cash receipts budget, and E, general and administrative budget. Let's go through this again using the process of elimination. A plan that lists operating expenses expected that are not included in the selling and administrative expenses budget. That's a kind of a strange type of explanation here, but we can see we have operating expenses. Operating expenses are usually, if we think about the income statement of a multi-step income statement.