Question No 23:
The principal budget factor is the?
A. Factor which limits the activities of the organisation and is often the starting point in budget preparation.
B. Budgeted revenue expected in a forthcoming period.
C. Main budget into which all subsidiary budgets are consolidated.
D. Overestimation of revenue budgets and underestimation of cost budgets, which operates as a safety factor against risk.
Answer: A
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