Question 4b: Why do we need to prepare flexible budget? [ 2 Marks ]

Question 4C: My second son Huzaifa has just completed his Bachelor in Accounting from North South University (Australia Campus), he participated his first board meeting in my company and he was insisting again and again in the meeting that, there is no need of making cash budget, rather we may borrow the money from our local bank as we need. Briefly comment on his opinion. [ 3 Marks ]