When a budget is in place and enforced the spending for a company is controlled. There is also a system of checks and balances in place to make sure the money is going where it needs to go.
Asked in Budgeting and Forecasting
What is the purpose of creating a budget?
Budgets are financial documents used by households or businesses to plan for their financial futures. They assist people in understanding what bills they have, how much money is left over and where the extra amount goes. Budgets serve many purposes including understanding spending habits, gaining control of the money and developing a savings plan. ...
Production budget are used to prepare which budget?
production budgets are used to prepare which of the following budgets
What are the Objectives of cost control?
Cost control helps departments meet their budgets. Without cost controls, departments wouldn't meet their budgets and products would have to be overpriced to meet the budget overages. ...
What is the difference between governmental annual operating budgets and capital budgets?
annual operating budgets include estimated revenues and appropriations for expenditure for a specific fiscal year. Capital budgets control the expenditures for construction projects and fixed asset acquisitions ...
Asked in Roman Numerals, Roman Empire
What did the Romans use catacombs for?
Catacombs were used for burial purposes. Catacombs were used for burial purposes. Catacombs were used for burial purposes. Catacombs were used for burial purposes. Catacombs were used for burial purposes. Catacombs were used for burial purposes. Catacombs were used for burial purposes. Catacombs were used for burial purposes. Catacombs were used for burial purposes. ...
Asked in Technology
How is technology used to control things?
For productivity purposes - A keyboard allows users to input text into a computer & a mouse or trackball allows users to control a cursor to manipulate on-screen objects. For entertainment purposes - Joysticks, game pads & other controllers allow users to control characters and/or vehicles inside computer games. The Internet allows users to communicate with each other as well as for research & education purposes. ...
Asked in Business & Finance
Why should government control defense?
The government control defense mainly because they have the means to control and give orders for defense purposes. The government's purposes is not only for the public welfare but also safety which is part of the defense purpose of the government. ...