Refer to the Scenario Below to Answer the Following Questions

question 58

Multiple Choice

Refer to the scenario below to answer the following questions.
Budgeting Bonanza (Scenario)
Chuck Cartwright owns Ponderosa Video, a small chain of video stores based in Winnipeg, Manitoba. The stores have been earning a modest profit, but Chuck needs to improve his budgeting process if he wants to compete against the big national chains. His financial advisor, Helga Hensler, suggested he develop a series of budgets for analysis.
-Helga asked Chuck to estimate the costs associated with his primary business activities, such as rent and video purchases, to develop a(n) __________ budget.

• A) expense
• B) revenue
• C) profit
• D) cash
• E) variable

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Definitions:

Workplace Teams

Groups of employees who work together within a company to achieve common goals or complete specific projects.

Telephone Call

A conversation between two or more people using telephones or mobile phones.

Active Listening Skills

The ability to fully concentrate, understand, respond, and remember what is being said in conversations.

Digital Age

A period in human history characterized by the widespread use of digital technology and the internet.