 In this presentation, we will take a look at multiple choice questions related to budgeting. We'll go over the questions then we'll practice test taking skills with them. First question, formal statement for future plans expressed in monetary terms. A, projection, B, analysis report, C, what if report, D, budget, E, variance analysis. We'll go through this again and then use the process of elimination. Formal statement of future plans expressed in monetary terms. A, projection, that sounds like a reasonable term. I'll keep that for now. B, analysis report, and it sounds kind of reasonable. I guess I'll keep that for now. C says, what if report, that seems like a fairly strange named report possibly not a very formal report. I'm going to cross that out. D says, budget, that of course is what we're concentrating on here. So we would think that that could very well.