A.

1. State 5- 6 risk's an organization may face as result of Not Budgeting or Irresponsibly Budgeting?

2. What could be the possible explanation for negative variance in fixed costs, variable costs, revenues, sales, profit ? Explain in 1 sentence each in your own words. ?

3. Budgeted, Vs. Approved, Vs. Variance, Vs. Actual vs Revised Budgeted , Year over Year % ? Can you give 1 or 2 quantitative examples?