A-LevelAccountingBudgeting and Budgetary ControlOct/Nov 2021Paper 1 Q301 Mark
Which are advantages of a budgetary control system? 1 Budgets help to prepare year-end financial statements. 2 Budgets may be set at easily achievable levels to make the business appear more efficient. 3 Managers become responsible for implementing their department's budget. 4 Where budget targets are not met, corrective action is taken.
A1, 2 and 3
B1, 3 and 4
C2 and 4
D3 and 4 only
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of budgeting and budgetary control 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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