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Question
A budget is tool which helps the management in planning and control of ______.
Options
All business activities
Production activities
Purchase activities
Sales activities
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Solution
A budget is tool which helps the management in planning and control of all business activities.
Explanation:
A budget is a comprehensive quantitative plan covering revenues, costs, and resource use across functions such as sales, production, purchasing, cash, and admin. It helps management plan, coordinate, and control the whole business.
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