Question

How often is the performance reviewed in the budgetary control system?

a.

Monthly

b.

Quarterly, half-yearly, and annually

c.

Annually only

d.

Weekly

Answer: (b).Quarterly, half-yearly, and annually Explanation:The performance is periodically reviewed, including quarterly, half-yearly, and annually.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. How often is the performance reviewed in the budgetary control system?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. In addition to yearly budgets, for which other periods are budgets prepared?

Q. What factors are taken into account while preparing budgets in insurance companies?

Q. What is the purpose of the periodical review of the budget in insurance companies?

Q. Why is budgetary control considered essential for insurance companies?

Q. What is the purpose of adopting a budgetary control mechanism in insurance companies?

Q. What is the first step towards the introduction and implementation of a budgetary control system?

Q. What does an organization chart define?

Q. What does a budget center encompass in an insurance company?

Q. Who generally consists of a budget committee?

Q. What is the purpose of the budget committee in an insurance company?

Q. What is the role of a budget committee in the preparation of budgets?

Q. What is one of the roles of a budget officer in budget administration?

Q. What is the responsibility of the budget officer regarding deviations or variances?

Q. What is the purpose of a budget committee's role in making recommendations for changes in budget policies and procedures?

Q. How does a budget officer contribute to budget administration?

Q. What is a Budget Manual?

Q. What does the Budget Manual contain information about?

Q. What is one of the purposes of the Budget Manual?

Q. Why is the organization of budgetary control important in the Budget Manual?

Q. What is the definition of a budget?

Recommended Subjects

Are you eager to expand your knowledge beyond IC 89 Management Accounting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!