Questions:
1. What factors generally determine a budget period? Give examples.
2. What is ‘Principal Budget Factor&? Give a list of such factors and state the effect of existence of two or more budget factors in an organization.
3. Distinguish between ‘fixed budget& and ‘flexible budget&. What is the starting point for the preparation of budgets?
4. Budgetary control of repairs and maintenance is extremely difficult & Discuss
5. What do you understand by ‘Zero Base Budgeting& as distinct from conventional budgeting? Briefly state its process, its advantages and limitations. Discuss its applications in Indian conditions.
6. What do you understand by ‘Performance Budgeting&? Explain its main features.
7. You are the budget controller of a large organization and are primarily concerned with budgetary control of large-scale administrative expenses.