WGU D774 Exam | Business Accounting
Study Questions and Verified Answers Rated
A+ | Latest 2025/2026 Guide
The type of budgeting that gets its name from the fact that every
expense starts with a zero balance
- Correct Answer - zero-based
Constructing a zero-based budget involves asking ________ questions
- Correct Answer - Tough
With zero-based budgeting, managers identify _______ that have
historically been or could be performed by the company.
- Correct Answer - Activities
With zero-based budgeting, managers identify _______ that have
historically been or could be performed by the company.
- Correct Answer - activities
If business conditions do not change very much from year to year, which
type of budget is more cost effective?
- Correct Answer - Incremental Budgeting
, A bottom-up budgeting method requires employee __________.
- Correct Answer - participation
With a zero-based budget, every _____________ must be justified.
- Correct Answer - expenditure
Pattern in which incremental budgeting is used for several years,
followed by a year of zero-based budgeting
- Correct Answer - rotating
Expenses
- Correct Answer - "The amount of assets consumed through business
operations; the costs incurred in normal business operations to generate
revenues.
Comparative Balance Sheet
- Correct Answer - A balance sheet that includes information for both the
current year and preceding year(s) that are prepared for users to identify
any significant changes in particular items.
Balance Sheet
- Correct Answer - The financial statement that reports a company's
assets, liabilities, and owners' equity at a particular date
Study Questions and Verified Answers Rated
A+ | Latest 2025/2026 Guide
The type of budgeting that gets its name from the fact that every
expense starts with a zero balance
- Correct Answer - zero-based
Constructing a zero-based budget involves asking ________ questions
- Correct Answer - Tough
With zero-based budgeting, managers identify _______ that have
historically been or could be performed by the company.
- Correct Answer - Activities
With zero-based budgeting, managers identify _______ that have
historically been or could be performed by the company.
- Correct Answer - activities
If business conditions do not change very much from year to year, which
type of budget is more cost effective?
- Correct Answer - Incremental Budgeting
, A bottom-up budgeting method requires employee __________.
- Correct Answer - participation
With a zero-based budget, every _____________ must be justified.
- Correct Answer - expenditure
Pattern in which incremental budgeting is used for several years,
followed by a year of zero-based budgeting
- Correct Answer - rotating
Expenses
- Correct Answer - "The amount of assets consumed through business
operations; the costs incurred in normal business operations to generate
revenues.
Comparative Balance Sheet
- Correct Answer - A balance sheet that includes information for both the
current year and preceding year(s) that are prepared for users to identify
any significant changes in particular items.
Balance Sheet
- Correct Answer - The financial statement that reports a company's
assets, liabilities, and owners' equity at a particular date
