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प्रश्न
How can the management of an organisation use the budgetary control system for planning and control?
थोडक्यात उत्तर
उत्तर
- Budgetary control involves forecasting and planning activities ahead of time and comparing actual results to those projected.
- The Budgetary Control System helps organisations plan and control costs. The technique offers a structured approach to planning.
- A business strategy outlines specific actions to be taken over time. A budgetary control system establishes a plan for achieving a firm's objectives, coordinates actions across departments, and ensures optimal results for each function.
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Budgeting
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संबंधित प्रश्न
The ______ budget contains an estimate of the total volume of production week wise, month wise and product-wise.
What is a Production Budget?
What is a Master Budget?
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A ______ is a quantitative plan prepared in advance for a future time period.
A budget relates to a ______ period.
Explain the term 'budget'.
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Choose the Odd-One-Out
Budgeting is