QUESTION 1
[TOTAL MARKS: 20]
A. Define what a budget for an organisation is.
(2 Marks)
B. Illustrate five purposes of a budget in a context of a TVETorganisation.
(2x5=10 Marks)
C. Discuss four steps to put in place when budgeting for an organisation.
(2 Marks each)
QUESTION2
A. Distinguish between three classifications of a budget.
B. Illustrate and explain five steps of budget discipline.
C. Discuss the 50/30/20 budget rule.
[TOTAL MARKS: 20]
(2x3= 6 Marks)
(2x5=10 Marks)
(4 Marks)
QUESTION 3
[TOTAL: 20 MARKS]
A. List and describe the eight budget management tips in a context of a TVET
organisation.
(2x8= 16 Marks)
B. Discuss two procedures on how to control a budget for an organisation.
(2x2=4 Marks)
QUESTION 4
[TOTAL MARKS: 20]
A. Discuss four phases of budget implementation and execution. (2x4=8 Marks)
B. Draw a fictitious example of a budget implementation plan template with three
examples.
(12 Marks)
QUESTIONS
[TOTAL MARKS: 20]
A. In a context of a TVETorganisation, and in form of a table, differentiate between
assets and liabilities by listing five examples on each side of your table.
(5x2=10 Marks)
B. Discuss any five classifications of assets in a context of an organization.
(2x5=10 Marks)
[End of Paper]
TOTAL MARKS:100
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