Question

1.areas of implemented control

2, example (real life) of flexible budget

Answer 1

1) Control ensures that activities in an organisation met to some targeted performance elements within acceptable limits. The areas of implemented control in an organization will include three levels - operating level, tactical level, and strategic level. The operating level includes the area of control on the physical resources, human resources, financial resources, and information resources. At tactical level the control is implemented by monitoring performance of department at regular intervals of time. The strategic level will include the keeping a control by constantly monitor the external factors to ensure that plans are effectively implemented.

As per policy we have to answer first question