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In order for a business to maintain a profit, it is wise to place restrictions on how much an employee or division of the company can spend to achieve its goal. So they are provided with a budget, and are expected to stay within it.
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∙ 16y ago
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Why does a business need to set budgets?
it is important they set budgets because they could easily need more than they can pay.
Do you save money from budgets?
Although budgets may not help you save money when a need arises, a budgetwill cut down wastful and useless spending.
How are statistics budgets revenue budgets and operating budgets related?
ask your brain
All budgets depend on the sales budget?
Yes, all budgets depend on sales budgets because budgets can't exceed the amount of available money. When sales are poor, the budgets will be smaller.
What is operational budgets?
About operational budgets can be read in
What are non-financial budgets?
Budgets are not expressed in dollar value termed non-financial budgets.
Why organizations set budgets?
They need to have a budget because they have to know how much money will be needed on the plan
Why do costs need to be controlled and Why is it important to monitor budgets?
Costs need to be controlled because your costs cannot exceed your budget or you will have a negative balance; thus you would not be making any money. you also need to monitor your budgets as your budget always needs to be more than your costs or your business will go out of business.
How many budgets have been presented up to date?
Budgets for what specifically?
What is the department strategy and budgets?
A department of strategy and budgets dur lol
Why should budgets include a savings plan?
It helps people record how much they save and what they need to fix on their budget.
What impact did the Korean war have on us budgets?
One impact that the Korean War had on US budgets was that military spending increased and became a larger proportion of future budgets.
