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Guide for Budget Officer - Parma (Italy) - Non-permanent contracts (EU Agencies) - Economics, Finance and Statistics - EFSA/X/AD/2024/02

Quiz Budget Officer - Parma (Italy) - Non-permanent contracts (EU Agencies) - Economics, Finance and Statistics - EFSA/X/AD/2024/02

10/240 Questions|Updated on 2024/05/26
Free Test
/ 10

Quiz

1/10
Budgeting principles and methodologies
Which of the following is a key principle of budgeting in the United Kingdom?
Select the answer
1 correct answer
A.
Zero-based budgeting
B.
Incremental budgeting
C.
Performance-based budgeting
D.
Line-item budgeting

Quiz

2/10
Cost analysis
In cost analysis, which of the following is used to determine the total cost of a product or service?
Select the answer
2 correct answers
A.
Direct costs
B.
Indirect costs
C.
Fixed costs
D.
Variable costs

Quiz

3/10
Financial accounting concepts
Which of the following financial accounting concepts states that expenses should be recognized in the same period as the revenues to which they relate?
Select the answer
1 correct answer
A.
Materiality concept
B.
Matching principle
C.
Conservatism principle
D.
Entity concept

Quiz

4/10
Financial reporting
Which financial reporting standard is commonly used in the United Kingdom?
Select the answer
1 correct answer
A.
IFRS
B.
GAAP
C.
IPSAS
D.
None of the above

Quiz

5/10
Regulatory compliance
What is the primary regulatory body responsible for overseeing financial services in the United Kingdom?
Select the answer
1 correct answer
A.
Bank of England
B.
Financial Conduct Authority
C.
HM Revenue & Customs
D.
Office of Fair Trading

Quiz

6/10
Spreadsheets and financial modeling
In Excel, what function is used to calculate the total number of cells in a range that meet a specific criterion?
Select the answer
1 correct answer
A.
COUNT
B.
SUM
C.
AVERAGE
D.
IF

Quiz

7/10
Budgeting principles and methodologies
In the UK, which methodology involves preparing budgets for specific activities or programs within an organization?
Select the answer
1 correct answer
A.
Program budgeting
B.
Activity-based budgeting
C.
Flexible budgeting
D.
Capital budgeting

Quiz

8/10
Cost analysis
When conducting a cost analysis, which of the following should be considered to ensure accuracy?
Select the answer
3 correct answers
A.
Historical data
B.
Market trends
C.
Inflation rates
D.
Competitive pricing

Quiz

9/10
Financial accounting concepts
In financial accounting, which concept assumes that a company will continue to operate indefinitely?
Select the answer
1 correct answer
A.
Going concern concept
B.
Money measurement concept
C.
Historical cost concept
D.
Accrual concept

Quiz

10/10
Financial reporting
Who is responsible for setting accounting standards in the United Kingdom?
Select the answer
1 correct answer
A.
FASB
B.
IRS
C.
HMRC
D.
FRC
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Info quiz:

  • Quiz name:Budget Officer - Parma (Italy) - Non-permanent contracts (EU Agencies) - Economics, Finance and Statistics - EFSA/X/AD/2024/02
  • Total number of questions:240
  • Number of questions for the test:100
  • Pass score:70%
  • Number of topics:6 Topics
Study topics:Number of questions:
  • Budgeting principles and methodologies:40 Questions
  • Cost analysis:40 Questions
  • Financial accounting concepts:40 Questions
  • Financial reporting:40 Questions
  • Regulatory compliance:40 Questions
  • Spreadsheets and financial modeling:40 Questions

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