Select from the following to answer questions 1 through 4: a. zero-based b. formula c. incremental d. accrual e. capital f. flexible 1. If your boss told you to test this year’s budget for the impact...

Select from the following to answer questions 1 through 4:

a. zero-based

b. formula

c. incremental

d. accrual

e. capital

f. flexible

1. If your boss told you to test this year’s budget for the impact of changes in expected client volume on your budgeted revenue and expenses, you would use a(n) ______ budget.

2. ______budgets focus on proposed investments in valuable, long-lived resources.

3. Decision packages are normally associated with a(n) ______ budget.

4. Operating budgets are normally done on a(n) ______ basis.