a) What is a budget? It usually has two main parts – Revenue/Income and Expenditures/Expenses – define each type of budget?
Give an examples for each.
b) Name the two main categories of an expense budget…and give an example of an expenditures in each category.
c) Define fringe benefits…give 4 examples of them.
d) Define an OTPS Budget…give 4 examples of expenditures in an OTPS budget.
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