ocr: Control There is very little point in carrying out a rigorous budget setting exercise, (the planning tunction), unless the budget is then adopted as a standard with which to compare actual results, (the control function). By comparing actual results against the predetermined outcomes, an organisation IS able to monitor the extent to which it is proceeding in the direction of its desired objective(s). By identitying any adverse deviations from the plan sooner rather than later, management will be in a position to take control of the situation, and hopefully to take steps which will prevent its ...
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