CTM CTM Budget & Resource Management

Question 1

Which budgeting approach starts from zero each budget period and requires justification for all expenses?

Accepted Answer

Zero-based budgeting

Answer

Incremental budgeting

Answer

Activity-based budgeting

Answer

Rolling budgeting

Question 2

What is the primary purpose of a cost-benefit analysis in training budget planning?

Accepted Answer

To evaluate whether training investment returns exceed its costs

Answer

To track employee attendance

Answer

To schedule training sessions

Answer

To assign trainers to courses

Question 3

Which type of training cost is associated with lost productivity while employees attend training?

Accepted Answer

Opportunity costs

Answer

Direct costs

Answer

Indirect costs

Answer

Sunk costs

Question 4

A training manager's annual budget is $200,000 and actual spending is $180,000. What is the budget variance?

Accepted Answer

$20,000 favorable

Answer

$20,000 unfavorable

Answer

$380,000 total

Answer

$180,000 utilized

Question 5

Which document formally authorizes training expenditures and outlines funding sources?

Accepted Answer

Approved budget plan

Answer

Training needs assessment

Answer

Learning objectives document

Answer

Evaluation report

Question 6

What does ROI stand for in the context of training budget management?

Accepted Answer

Return on Investment

Answer

Rate of Implementation

Answer

Resource Optimization Index

Answer

Results of Instruction