Question: 1. What is the main difference between fixed and flexible budget? Why fixed budgets are preferred in government departments? Discuss the benefits of both typesof

1. What is the main difference between fixed and flexible budget? Why fixed budgets are preferred in government departments? Discuss the benefits of both typesof budgets. (10)

2. What is zero based budgeting? Explain the process ofzero based budgeting. (10)

3. How variance in budgets can be used as tools of controls in an organization. Explain this using illustrations. (10)

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