The advantages of Budgetary Control System refers to:
1. The extent by which actual results have varied from defined objective
2. The centralized control with delegated responsibility
3. Budget under various functional units indicates the limits for expenses and results to be achieved
4. Budgetary system helps managers to learn from past experience
Select the correct option:
A. 1, 2 and 3
B. 1, 2, 3 and 4
C. 1, 2 and 4
D. 2, 3 and 4
Answer: Option B

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