CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
3
You visited us 3 times! Enjoying our articles? Unlock Full Access!
Question

A budget tool that a household can use when there are cuts on supermarket spending and over-budget on its food expenses, is a(n) ____________.

A
planning control
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
controlling tool
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
leading tool
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
organising tool
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C controlling tool
Budgeting is one of the most important of controlling devices. Budgetary control is the process of developing a spending plan and periodically comparing actual expenditures against that plan to determine whether the spending patterns need adjustment to stay on track. This process is necessary to control spending and meet various financial goals.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Traditional Techniques of Managerial Control
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon