SITXFINO03 - Manage finances within a budget Student questions and activities Questions to discuss: Question 1: What Is a budgetary allocation? Answer: Question 2: Write down any four (4) Types of budgets. Question 3: How to prioritise expenditures for Your organisation. Question 4: Write down the advantages of budget control. Question 5: Outline the three (3) key drivers for businesses. Question 6: Discuss the purpose of incorporating financial commitments. Question 7: How to deal with budget variances? Question 8: How to assess existing costs in a budget? Question 9: Outline any four (4) financial and statistical reports that need to be completed. Question 10: Outline any five (5) aspects of report writing