Q1103
Which of the following is not the limitation of budgetary control?
A.
Budgets are based on forecasts which may not be true
B.
Installation and operation of a system of budgetary control are costly
C.
Budget is a tool of management and not a substitute for management
D.
Budgets do not pinpoint the lack of efficiency or the presence of it
AnswerAnswer: Option D
Solution
Answer: Option D
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