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6 marksBudgets and Budgetary Control

CAPE Management of Business Unit 1 · 2008 · Paper 2 · Question 6(c)

Explain THREE shortcomings that a business firm may experience from having a budget.

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Other parts of this question

  1. 6(a)Define the term 'budget'.[2 marks]
  2. 6(b)Explain FOUR ways by which a firm may benefit from having a budget.[8 marks]
  3. 6(d)Outline THREE differences between an Income Statement and a Balance Sheet.[9 marks]

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