Question

______ technique of planning the future operations in the form of budgets.

Options

• Personal Observation

• Statistical Reports

• Break-Even Analysis

• Budgetary control

Answer 1

Budgetary control

Explanation - 

Budgetary control is a method of forecasting future operations using budgets. The term 'budget' refers to a quantitative or qualitative declaration that outlines the goals to be met over a set period of time. These budgets are then utilised as benchmarks against which actual performance is measured.