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16 November, 07:00

What is budgetary control? a) The degree to which the CFO controls the budget. b) Another name for a flexible budget. c) The use of budgets in controlling operations. d) The process of providing information on budget differences to lower level managers.

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  1. 16 November, 07:11
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    Answer: Option (C)

    Explanation:

    Budgetary control is referred ton as the system of conduct which is further used in order to ensure that a company's revenues and their expenditures conform closely to their financial plan. This system usually involves setting up the personal objectives for the managers which are mostly inclined towards the budget, alongside a set of the rewards which are further triggered when these objectives are accomplished.
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