What is budgetary control?

Another name for a flexible budget

The degree to which the CFO controls the budget

The use of budgets in controlling operations

The process of providing information on budget differences to lower level managers

Answer: The use of budgets in controlling operations.

Budgetary control indicates how appropriately managers use budgets to examine and regulates costs and operations over a given period i. e., this is a mechanism for managers to set goals (financial and performance) in accordance with budgets, analyze the results, and alter performance, as required.

Therefore, the correct option is "the use of budgets in controlling operations"