MBA 102

NT ACCOUNTING - Solutions Manual CHAPTER 14 FUNCTIONAL AND ACTIVITY-BASED BUDGETING I. Questions 1. No. Planning and control are different, although related, concepts. Planning involves developing objectives and formulating steps to achieve those objectives. Control, by contrast, involves the means by which management ensures that the objectives set down at the planning stage are attained. 2. Budgets have a dual purpose, for planning and for following up the implementation of the plan...