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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
TOPIC PRACTICE
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Departments are given fixed targets and spending limits
Everyone is left without targets
Records are destroyed
Actual results are hidden
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When expected expense is fixed first and later compared with actual expense
When budget is never prepared
When actual figures are never recorded
When every expense is without approval
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Service budget
Discipline rule
Recruitment policy
Procedure list
Question 1MediumLevel 7
How does accountability increase through a budget?बजट में accountability कैसे बढ़ती है?
Correct answer:सही उत्तर:A
Budget fixes responsibility and helps judge performance. In exams, also write budget as an accountability tool.budget जिम्मेदारी तय करता है और performance judge करने में मदद करता है। परीक्षा में budget को accountability tool भी लिखें।
In which situation does a budget help in both planning and controlling?किस स्थिति में budget planning और controlling दोनों में मदद करता है?
Correct answer:सही उत्तर:A
Budget first gives a planning standard and later helps in control comparison. In exams, remember the dual role of budget.budget पहले planning standard देता है और बाद में control comparison में मदद करता है। परीक्षा में budget की dual role याद रखें।
If a service company estimates the number of technical support calls and cost per call, which type of plan does this show?यदि सेवा कंपनी अपने तकनीकी support calls की संख्या और प्रति call लागत का अनुमान लगाती है, तो यह किस योजना-प्रकार को दर्शाता है?
Correct answer:सही उत्तर:A
Number of calls and cost per call are both numerical estimates, so this is a budget. In exams, connect combined quantity and cost estimates with budget.calls की संख्या और cost per call दोनों numerical estimates हैं इसलिए यह budget है। परीक्षा में quantity और cost के संयुक्त अनुमान को budget से जोड़ें।
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