a) Indicate which of the following statements is most correct by placing the number in the marked square 1 2 3 4 Budgeting is useful in the planning and control cycle because it assist in the allocation of resources Budgeting is useful in the planning and control cycle because it allows for measurement of actual outcomes against planned outcomes Budgeting is useful in the planning and control cycle because it provides data for the setting of performance targets Items 1 and 3 Items 2 and 3 Items 1, 2 and 3 None are correct 5 6 7 b) Indicate which of the following statements is most correct by placing the number in the marked square -> 1 2 3 Businesses should gather input from every person involved in the company to produce accurate budgets Businesses should engage widely in the organisation to produce budgets to ensure they get feedback from those responsible for operations Businesses should ensure that all people involved in the budgeting process have strong accounting skills Businesess should ensure that budgeting is only conducted by members of senior management 4 c) Indicate which of the following statements is most correct by placing the number in the marked square -> 1 2 Using extremely difficult targets for employees is good as it will force them to work extremely hard Using extremely difficult targets for employees can result in those employees being unmotivated because the targets are too easy Using extremely difficult targets for employees can result in those employees being unmotivated because the targets cannot be reached Using extremely difficult targets for employees has no effect on employee performance 3 4