LSM 17.1 : BUDGETING AND ACCOUNTING-1

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#1. what is a reflection of the current and future activities, programmes and plans of the library?

pamphlet

website

budget

brochure

#2. What is the time period of a budget in general?

One year

two years

ten years

five years

#3. What is an official document to know what was achieved and what was not achieved during a given year?

budget

library bill book

annual financial report

salary slip

The budget should not be confused with annual financial reports. The latter is an official document to know what was achieved and what was not achieved during a given year. It is in fact a factual record of the state of affairs of the finances of an institution during a particular year. The budget, on the other hand, is only an estimate for the forthcoming year. In short, a budget is a preparation for the future whereas the financial report is an analysis and evaluation of the pas

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#4. What is the other name for Line Item budgeting?

Incremental budgeting

Historical budgeting

Object-of-Expenditure Type Budgeting

All of the above

#5. What is line item budgeting?

The formulae are used for financial estimation as well as budget justification.

a budget that that divides items of expenditure, line-by-line, into broad categories such as books and journals, salaries and allowances, equipment, supplies, capital expenditure, contingencies, etc

a method of budget which tries to answer the questions for “what purpose the money is being spent?” and “how have the resources to be deployed for each programme?”

The expenditure is based on the performance of activities and the stress is laid upon operational efficiency.

#6. What is is the usual traditional method which, by taking into account past expenditure on each item, prepares the current budget, hence called historical budgeting?

Formula Budgeting

Programme Budgeting

Line-item budgeting

Performance Budgeting

#7. Identify the advantages of line-item budgeting or incremental budgeting?

easy to prepare and present

it ensures that the funds provided are spent for the purpose stated

easy to understand

All of the above

#8. What are the drawbacks of line- item budgeting?

does not suggest any future projections

it moves in the same manner as in the past year, without any forward push

this tends to ossify and rigidify the budget

all of the above

#9. Which of the following budgeting methods is a quick method and hence saves a lot of time?

line-item budgeting

Formula budgeting

performance budgeting

zero based budgeting

#10. Who propounded Programme Budgeting?

Hoover Commission Report

Hunter Commission Report

Ranganathan Commission Report

University Commission Report

Hoover Commission Report (1949)

It has three steps. They are: (i) statement of agency (i.e., library) objectives, (ii) full consideration of alternative ways and (iii) logical selection of the best based on effectiveness and efficiency.

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₹628.95 (as of February 3, 2023 18:27 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

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₹150.00 (as of February 3, 2023 18:27 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

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#11. In which method of budgeting the focus is on library activites?

Performance Budgeting

Programme Budgeting

Planning Programming Budgeting System

Zero-Base Budgeting

#12. In which method of budgeting, the stress is laid upon operational efficiency?

Incremental budgeting

Planning Programming Budgeting System

Performance Budgeting

ZBB

#13. In which of the following budgeting methods, there is an emphasis on the service mission of the library?

Zero-Base Budgeting

Planning Programming Budgeting System

Performance Budgeting

historicaLmethod

#14. What is PBBS?

Planning Performance Budgeting System

Planning Purposefully Budgeting System

Planning Programming Budgeting System

Project based Programming Budgeting System

#15. Who proposed the Planning Programming Budgeting System (PPBS) for the first time?

UNESCO

USDOD

ILA

USDOD in 1961

Unites States Department of Defense

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#16. Which method combines the best of both programme budgeting and performance budgeting?

Zero-Base Budgeting (ZBB)

Planning Programming Budgeting System (PPBS)

Performance Budgeting

Programme Budgeting

#17. Which method of budgeting contains system analysis?

Zero-Base Budgeting (ZBB)

Performance Budgeting

Formula Budgeting

Planning Programming Budgeting System (PPBS)

#18. Who developed Zero-Base Budgeting (ZBB)?

Peter Drucker

Peter Phyrr

Amund Wilson

Elan Walt

#19. Which method of budgeting requires a thorough knowledge of the organisation and a lot of time, effort and training?

Incremental Budgeting

Zero-Base Budgeting (ZBB)

Planning Programming Budgeting System (PPBS)

#20. In which method the entire budget is justified from scratch?

Planning Programming Budgeting System (PPBS)

Zero-Base Budgeting (ZBB)

Program Budgeting

Performance Budgeting

It assumes a budget of `zero’ for each programme until one convinces the appropriating authority that the programme is worthwhile and deserving of support at a specified level.