Question 1: Define the term budgetary control. State the benefits of budgetary control in an organization.
Question 2: Describe in brief the objectives and limitations of the budgetary control.
Question 3: Explain in brief the basic functions of business budgets.
Question 4: Define the term budgetary control and describe the objectives of introducing a budgetary control in an organization.
Question 5: State its objectives of budgetary control. Describe the process by which the different budgets are made.
Question 6: What do you think are the fundamentals of an effective budgetary control system?
Question 7: Describe the nature and functions of the budget committee.
Question 8: What do you mean by the term sales budget? How is it made?
Question 9: What factors would you consider when making a purchase budget?
Question 10: What do you mean by the term flexible budge? What benefits, if any, has a flexible budget over an ordinary budget?
Question 11: Define the term flexible budget. Outline the benefits of and the process for setting up flexible budgets.