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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

TOPIC PRACTICE

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3 questions

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  1. Departments are given fixed targets and spending limits
  2. Everyone is left without targets
  3. Records are destroyed
  4. Actual results are hidden
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  1. When expected expense is fixed first and later compared with actual expense
  2. When budget is never prepared
  3. When actual figures are never recorded
  4. When every expense is without approval
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  1. Service budget
  2. Discipline rule
  3. Recruitment policy
  4. Procedure list

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