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Subjects

Business Studies

Budget

In Class 12 Business Studies, the topic Budget in the chapter Planning explains how an organisation expresses its expected activities and results in numerical terms for a specific period. Students learn how budgets support planning, coordination and control by setting targets, allocating resources and comparing actual performance with planned figures. The topic also helps them understand how deviations can guide corrective action and improve managerial decision-making.

Medium · Level 7 · 3 questions

Practice questions

01How does accountability increase through a budget?

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02In which situation does a budget help in both planning and controlling?

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03If a service company estimates the number of technical support calls and cost per call, which type of plan does this show?

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