Economics · Financial Management
Consider the following statements regarding budgetary control: 1. Budgetary control involves preparation of budgets and continuous comparison of actual performance with budgeted performance. 2. It helps management in planning, coordination, and control of business activities. 3. Flexible budgets remain unchanged irrespective of changes in activity levels. 4. Budgetary control facilitates performance evaluation of different departments. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, 3 and 4
- 22, 3 and 4 only
- 31 and 3 only
- 41, 2 and 4 only✓
Correct answer
1, 2 and 4 only
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