+91-9828-747676
Question
What is the primary purpose of a budget in business management ?
व्यवसाय प्रबंधन में बजट का प्राथमिक उद्देश्य क्या है ?
A.
Increasing sales
B.
Planning and controlling activities
C.
Purchasing machinery
D.
Reducing employee wages
Answer ( Option B)

Planning and controlling activities

Solution

  • A budget is a management tool used for planning, programming, and controlling business activities. 
  • It outlines a financial statement prepared in advance to achieve specific objectives, incorporating income, expenses, and capital use.
  • The budget serves as a plan of action for spending and helps in cost control.
Key points about budget:
  • Used for cost control and overall management.
    Represents financial requirements to achieve projected profits.
  • Predicts future needs, like labor, sales, and production, based on past data.
  • Coordinating tool for various business functions, helping in the overall business operation.

Popular Online Test Serie

Preparing students for success in a changing World.

RPSC-AE

RPSC-AE
RSSB-JE

RSSB-JE
RRB-JE/SSE

RRB-JE/SSE
SSC-JE

SSC-JE
RSEB-JE/AE

RSEB-JE/AE
ISRO Scientist Engineer

ISRO Scientist Engineer
PSU's

PSU's

View All

Online Classes

We care about our students

View More


banner
banner
banner
banner
banner
Online Classes
Register Now
Test Series
Register Now
Job Notification
Job Notification

Daily Quiz

RPSC-AE, RSMSSB-JE, SSC-JE, RRB-JE, PSU's