Question : Assertion: Budgets help in allocating resources in a planned manner.
Reason: Budgets are related to resource allocation.
Option 1:
Both assertion and reason are correct, and the reason is a correct explanation.
Option 2: Both assertion and reason are correct, and the reason is not correct explanation.
Option 3: Assertion is false, but the reason is correct.
Option 4: Assertion is correct, but the reason is false.
Correct Answer:
Both assertion and reason are correct, and the reason is a correct explanation.
Solution : The correct answer is: (a) Both assertion and reason are correct, and the reason is a correct explanation.
The assertion that budgets help in allocating resources in a planned manner is correct. Budgets are financial plans that outline the allocation of resources, including funds, in a systematic and planned way to achieve organizational goals.
The reason stating that budgets are related to resource allocation is a correct explanation. Budgets are specifically designed to address resource allocation, including funds, manpower, and other resources, in accordance with the organization's plans and objectives.
Therefore, both the assertion and the reason are correct, and the reason provides a correct explanation for the assertion.
