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.
1 )
1, 2 and 3
2 )
1, 3 and 4
3 )
2 and 4
3 and 4 only
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