Question 1 should be answered in 1,500 words (+ -10%)
You applied for the position of the Associate Finance Manager and you have been informed that you need to take a test as a part of the recruitment process. One of the test questions is about budgets and budgeting. 
You are required to provide deep explanation of the budget, how it is prepared, budgetary process, benefits of budgeting, the importance of selecting the right type of budget and the importance of budgetary control. 
Using your knowledge from the module, how would you answer above question.    (40% of Assignment B)