A-LevelAccountingBudgeting and budgetary control9706/12 · Oct/Nov 2017 · Q301 Mark

Why is planning important to a business? 1 to ensure that the business always makes a profit 2 to employ the correct number of workers 3 to reduce the risk of running out of inventory

A1 and 2

B1 only

C2 and 3

D3 only

✓ Correct answer

C: 2 and 3

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Topic: Budgeting and budgetary control, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2017 Paper 1 Variant 2, question 30.

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