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How does budgetary control help in an organization's decision-making process?
  • a)
    By automatically approving all budget requests
  • b)
    By eliminating the need for budget committees
  • c)
    By providing a systematic method for evaluating performance
  • d)
    By relying on historical data for budget preparation
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
How does budgetary control help in an organization's decision-making p...
Budgetary control helps in an organization's decision-making process by providing a systematic method for evaluating performance, comparing actual results with budgeted figures, and making informed decisions based on deviations and performance data.
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How does budgetary control help in an organization's decision-making process?a)By automatically approving all budget requestsb)By eliminating the need for budget committeesc)By providing a systematic method for evaluating performanced)By relying on historical data for budget preparationCorrect answer is option 'C'. Can you explain this answer?
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