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Budget Manager Test Assessment

Useful for hiring

  • Budget Manager 

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Cheryl Tolkinen, Securian, USA,
Learning & Development Manager
Question

Direction to Solve

In the following question, two statements numbered I and II are given. There may be cause and effect relationship between the two statements. These two statements may be the effect of the same cause or independent causes. These statements may be independent causes without having any relationship. Read both the statements and mark your answer as

Statements:

I. Majority of the citizens in the locality belongs to higher income group.

II. The sales in the local super market are comparatively much higher than in other localities.

Answer
    • Statement I is the cause and statement II is its effect

    • Statement II is the cause and statement I is its effect

    • Both the statements I and II are independent causes

    • Both the statements I and II are effects of independent causes

    • Both the statements I and II are effects of some common cause

Question

Direction to Solve

In question below is given a statement followed by two conclusions numbered I and II. You have to assume everything in the statement to be true, then consider the two conclusions together and decide which of them logically follows beyond a reasonable doubt from the information given in the statement.

Statements: Water supply in wards A and B of the city will be affected by about 50% on Friday because repairing work of the main lines is to be carried out.

Conclusions:

I. The residents in these wards should economise on water on Friday.
II. The residents in these wards should store some water on the previous day.

Answer
    • Only conclusion I follows

    • Only conclusion II follows

    • Either I or II follows

    • Neither I nor II follows

    • Both I and II follow

Question

Spot is bigger than King and smaller than Sugar.
Ralph is smaller than Sugar and bigger than Spot.
King is bigger than Ralph.

If the first two statements are true, the third statement is

Answer
    • true

    • false

    • uncertain

Test details:

Test Details: 51 Questions 70 minutes
 

  • Verbal Ability -                    08 Questions 08 minutes

  • Verbal Reasoning -             08 Questions 14 minutes

  • Quantitative Aptitude -       10 Questions 10 minutes

  • Logical Reasoning -            10 Questions 15 minutes

  • Abstract Reasoning -          08 Questions 14 minutes

  • Accounting and Finance -  07 Questions 09 minutes

Test description:

Budget managers evaluate the financial needs of programs, develop organizational budget strategies, and make presentations before top executives. During the developmental and implementation stages of the budget process, they may review proposals, prepare financial documents, and make sure that the organization remains in compliance with financial goals, final budgets, and industry regulations. They may also provide financial advice or estimate future revenues. They prepare, administer, and direct the control of the budget. They review and approve recommendations for financial planning and control. They monitor divisions and subsidiaries adherence to budgets. They develop, implement, and integrate financial practices across multiple organizations and locations. 

They analyze financial projections and assist managers in developing budget proposals. 
Budget Managers plan and execute financial analyses and reports including operational and capital budgets, financial statements, statistical reports, cost analyses and other information for management. They provide detailed business analysis through determination of key performance indicators and financial models. They create solution-based tools, analysis, and process to support the business.

KEY SKILLS REQUIRED:

  • SOLID UNDERSTANDING OF ACCOUNTING REPORTING SYSTEMS - Quantitative Aptitude,Financial Accounting 

  • STRONG ANALYTICAL SKILLS - Abstract Reasoning

  • EXCELLENT VERBAL AND WRITTEN COMMUNICATION SKILLS - Verbal Ability and Verbal Reasoning

  • MUST PROVIDE PERSPECTIVE AND INTERPRETATION OF BUSINESS PERFORMANCE - Logical Reasoning and Financial Management



TEST DESCRIPTION

VERBAL ABILITY 
Verbal ability is essential because grammar and vocabulary is a prerequisite for good spoken and written English.

VERBAL REASONING
Reading comprehension indicates an ability to comprehend and reason with the concepts on a written page.

QUANTITATIVE APTITUDE 
Quantitative ability will indicate analytical thinking and problem-solving ability.

LOGICAL REASONING
Logical Reasoning is assessed through  
•    Statement/Conclusion
•    Cause /Effect and 
•    Statement/Fact questions
These questions will indicate the quality of deductive reasoning and inductive reasoning which contribute to Critical thinking ability.

ABSTRACT REASONING
Abstract reasoning will indicate the ability to think clearly, identify logical patterns, learn new skills and solve complex problems. It is an indicator of fluid intelligence and shows an ability to strategize.

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