The principal factor that determines the priorities of functional budget are ___________.
A
Principal Budget Factor
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B
Limiting Factor
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C
Both A and B
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D
None of the above
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Solution
The correct option is C Both A and B
Functional budgets are prepared for each of function to determine the requirement of the function. While preparing the budget, the major factors which are essential are the limiting factor which are also referred to as principal budget factor.