Practice Meaning - 21.4.1 | 21. Budgeting and Budgetary Control | Management 1 (Organizational Behaviour/Finance & Accounting)
K12 Students

Academics

AI-Powered learning for Grades 8–12, aligned with major Indian and international curricula.

Professionals

Professional Courses

Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.

Games

Interactive Games

Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is budgetary control?

💡 Hint: Think about how budgets help in managing performance.

Question 2

Easy

Which is the first step in the budgetary control process?

💡 Hint: Consider what must be set up before actions can be monitored.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is budgetary control primarily used for?

  • Predicting future sales
  • Monitoring and controlling operations
  • Training employees

💡 Hint: Think about what management needs to do to keep on track.

Question 2

Is variance analysis only necessary if actual performance meets the budget?

  • True
  • False

💡 Hint: Consider the necessity of learning from both success and failure.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A company spent $200,000 on marketing but had budgeted only $150,000. Perform a variance analysis and suggest corrective actions.

💡 Hint: Calculate the difference and think about what steps can be adjusted for future budgets.

Question 2

Design a budget for a new project that includes five categories and explain how you would monitor it throughout the project duration.

💡 Hint: Structure your budget with clear categories and plan a review schedule.

Challenge and get performance evaluation