Budgetary Control Means

question 28

Multiple Choice

Budgetary control means

• A)that once a budget is agreed to by management there can be no deviation from it.
• B)that once a budget is agreed to the controller of the company is now in charge of cost and profit controls.
• C)that the difference between actual results and budgeted results are reported and assessed over time.
• D)that the budget can be changed during the year to reflect actual results.

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Definitions:

Basic Needs

Fundamental requirements necessary for individuals to live a healthy and satisfactory life, such as food, water, shelter, education, and healthcare.

Investment Climate

The economic, financial, and socio-political environment influencing the willingness and ability of individuals and firms to invest in a particular country or region.

Semiperipheral Countries

Nations that are midway between the core and periphery in the world economic system, showing characteristics of both developed and developing countries.

Peripheral Countries

Nations that are less developed economically and politically, often exploited by more developed countries.