Question : Identify the concept in the below statement.
It is a control device from which deviation can be taken care of.
Option 1: Rules
Option 2: Procedures
Option 3: Programme
Option 4: Budget
Answer (1)
24th Jan, 2024
Correct Answer:
Budget
Solution :
Budget is the statement of expected result expressed in numerical terms over a specific period of time. It is a control device from which deviation can be taken care of. It also involves making a budget forecasting. It is a fundamental and important instrument in majority of organisation.
Hence Option D is correct.
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