Question: (1). What is a budget. How does a budget contribute to good Management.
(2). Jane Gilligan ask your help in understanding the essential of effective budgeting. Identify the essential of Jane.
(3). Lori Wilkins maintain that the only difference between budgeting and long-range planning is time. Do agree? Why or why not?
(4). What is participative budgeting? What are it's potential benefits? What are it's potential disadvantage?