9706/12 Accounting Oct Nov 2022 Online Test | Cambridge AS and A Level MCQ

Which are advantages of a budgetary control system?
1 Budgets help to prepare year-end financial statements.
2 Budgets may be set at easily achievable levels to make the business appear more efficient.
3 Managers become responsible for implementing their department’s budget.
4 Where budget targets are not met, corrective action is taken.