A budget is a tool which helps the management in planning and control of _________.

All business activities

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Production activities

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Purchase activities

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Sales activities

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Solution

The correct option is B All business activities
Budget in very general terms gives the basic idea about income/revenue and the consumption/expenditure of an individual/firm or even a country. From the managements perspective budget makes planning how revenue can be increased or distributed efficiently at the same time where expenses can be reduced across all the business activities. Budget is generally made keeping in mind all the business activities not a specific one.

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