Question

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

a.

Only internal factors

b.

Only economic factors

c.

Only environmental factors

d.

Environmental factors like competition and economic situation

Posted under IC 89 Management Accounting

Answer: (d).Environmental factors like competition and economic situation Explanation:While preparing budgets, environmental factors like competition and economic situation are taken into account.

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