 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 be an answer e says variance analysis and that sounds familiar but it's not exactly what we're looking at here but that might be something we kind of do with a budget but i don't think that's going to be applicable we'll keep a b and d let's go through this again formal statement of future plans expressed in monetary terms is either a projection b analysis report d a budget and of those three we would think we would have d here considering we're on the budgetary area now if you have a larger type of test and you're not focusing just on the budgets of course then it may be a little bit more difficult for us to go through this and note also that if you see something like a projection you might pick that and say hey that sounds correct and you could argue the case that possibly a projection is correct in some ways