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Budgetary Control Is the Process of Finding Out What's Being

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Budgetary control is the process of finding out what's being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences.


Definitions:

Six-Digit Coding

A system often used in categorizing and organizing information or items, where each item is assigned a unique six-digit code.

Industry Group

A classification involving businesses that operate in the same sector or industry and share similar product lines or services.

NAICS

The North American Industry Classification System, a standard used by federal statistical agencies for classifying business establishments for statistical analysis.

Derived Demand

Demand for a factor of production or intermediate good that occurs as a result of the demand for another good or service.

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