Question

Budgetary control requires the preparation of

Options

• Training schedule

• Budgets

• Network diagram

• Responsibility centres

Answer 1

Budgets

Explanation - 

The budgetary control technique of managerial control is creating budgets for each of the organization's operations and then comparing the actual results to the budgetary criteria. A budget is a numerical declaration that outlines the goals that must be met within a certain time frame and the policies that must be followed.