A-LevelAccountingFinancial Planning and Control / BudgetingOct/Nov 2018Paper 1 Q301 Mark
Which statement identifies an advantage to a business of financial planning?
ANot all managers are aware of business financial planning.
BSpecialist knowledge is required to prepare the financial plans.
CThe financial plans provide targets for managers to achieve.
DTime and cost is required to prepare the financial plans.
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of financial planning and control / budgeting within the Accountingsyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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