Questions -
1. How is budgeting tied to the planning process?
2. What type of strategy would the budget fall under?
3. What period of time does a strategic plan cover?
4. What period of time do budgets cover?
5. What is the disadvantage of the participative budget?
6. Why would you prefer a participative budget as a manager?
7. Which department is responsible for the first budget in a master budget?