Management Accounting Answer To Test Question No:BUD1 On Budget
Return to the Main Page on Management Accounting Test Question Bank on Budgeting:
Answer To Management Accounting Test Question BUD1:- (a) The principal budget factor is the factor that limits the activities of an organization because such a limit/constraint will have a pervasive effect on all plans and budgets. The limiting factor must be identified during the budget preparation process Examples of principal budget factors are:-
(b) Budgeting is not considered by participants as a neutral, objective, purely technical process which is a view adopted by many accountants. The human subjective aspects cannot be overemphasized and these are dealt with below under the following headings:goal congruence, participation, motivation, goal definition and communication. Behavioral problems associated with budgetary control are:
(c) 4 criticisms of traditional budgetary control systems are:
4 benefits are :
(e) The order is as follows:-
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