Question

Budgetary control system defines the objectives and policies of the _________.

• A. production department
• B. finance department
• C. marketing department
• D. all of the above

Answer 1

The correct option is D all of the above

The main objectives of budgetary control are given below:

1. Defining the objectives of the enterprise.

2. Providing plans for achieving the objectives so defined.

3. Coordinating the activities of various departments.

4. Operating various departments and cost centres economically and efficiently.

:5. Increasing the profitability by eliminating waste.

6. Centralizing the control system.

7. Correcting variances from sit standards.

8. Fixing the responsibility of various individuals in the enterprise.