Question 1. Explain how both small and large organizations can benefit from budgeting.
Question 2. Explain why a company can show it has a substantial amount of revenue and yet not able to pay its current liabilities?
Question 3. Have you been directly or indirectly involved in a budgeting process? Briefly describe the process that you have been involved in?
Question 4. "I do not care to prepare the annual department budget because whatever amount I submitted will be reduced." Do you agree with such a remark?
Question 5. In your opinion what impact does an unrealistic budget (for example not enough budget money) has on the performance and morale of your department/yourself?