Question: 1i.Explain clearly the differences between forecasting and budgeting. 5 Marks Define the following terms: ii. Single-loop feedback. 2 Marks iii. Double-loop Feedback. 2 Marks iv.

1i.Explain clearly the differences between forecasting and budgeting. 5 Marks

Define the following terms: ii. Single-loop feedback. 2 Marks iii. Double-loop Feedback. 2 Marks iv. Feed -back loop. Explain this as it applies in the Control Circle. 5 Marks v. Identify and explain in detail features of feed- back which add value to the management of an institution.

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