For this assessment, you will be required to research the following questions to provide sufficient evidence of your knowledge for this unit. There are word limits to guide your responses, however, these are only a guide. You are required to show that you can locate information that is relevant to your industry, interpret this information and apply it accordingly. Type your answers in the spaces provided. 1. Below is a diagram that illustrates the budget planning and control process. You are require to prepare a narrative that explains each stage of the control section of this diagram. Your answer should be 50 and 100 words and should adequately explain the key principles of budgetary control.