Which of the following describe the general control, coordination and performance-evaluation benefits of budgeting, rather than a specific inventory-policy decision or a technique for adjusting a budget? (A) Advance warning of and assignment of responsibility for conditions that require corrective action (B) Develop new policy to improve control of inventory management (C) Adjusting the budget to reflect different levels of sales or production (D) Coordination of activities among all departments whithin the organization (E) Creation of standards for evaluating performance Choose the correct answer from the options given below:
(A), (D) and (E) only
A describes budgetary control and responsibility for corrective action; D describes coordination; E describes performance-evaluation standards. Hence A, D and E are correct. B is a particular inventory-policy decision, while C is the technique of flexible budgeting; both may assist management but are outside the general benefits specified in the question.
Important Questions from Miscellaneous
- List-I with List-II:
List-I
(Relief Materials)List-II
(Color Code)A. Shelter I. Yellow B. Clothes II. Khaki C. Food III. Red D. Medicine IV. Brown
Choose the correct answer from the options given below: - What was a key reform introduced by the Waqf (Amendment) Act, 2025?
Which of the following is NOT a state function or state variable in a thermodynamic system?
- What is the full form for "BPL" in Socio-economic aspects?
- In October 2024, which of the following companies was awarded the contract for design, manufacturing and commissioning of two high-speed trainsets by Integral Coach Factory (ICF) to be used in India's first bullet train between Mumbai and Ahmedabad?
