Question

What is the importance of reviewing the budget?

a.

To compare actuals with expected ones

b.

To create a comprehensive document including all operations

c.

To allocate resources to departments

d.

To decide on employee salaries

Answer: (a).To compare actuals with expected ones Explanation:A review of the budget (which means comparing actuals with expected ones) will give an overall view of how the plans are working in practice and also decide on whether the targets and / or the allocations need to be revised.

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Q. What is the importance of reviewing the budget?

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