A factor which will limit the activities of an undertaking and which is taken into account in preparing budgets, is termed as:

CS Executive · Cost and Management Accounting · PYQS · December 2021
A factor which will limit the activities of an undertaking and which is taken into account in preparing budgets, is termed as:
(A) Environmental factor
(B) Governing factor
(C) Principal budget factor
(D) All of the above

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B), (C). Official source note: both the options B and C are correct.

Topics: Budgeting

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