answersLogoWhite

0


Best Answer

Because organizations don't have an unlimited amount of money. They can't waste it all.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why do most organizations need to create a budget?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Why organizations set budgets?

They need to have a budget because they have to know how much money will be needed on the plan


Are police organizations adequately addressing the increased need of police services in suburban and rural communities?

Within the constraints of the budget.


How does a budget differ when you have an irregular income vs a predictable income?

If a person has predictable income this means that they can create a budget that stems out for weeks or months without having to change it much. A person with irregular income streams will need to create a budget with shorter time frames as they will need to make adjustments more often. It is best to budget irregular income on a weekly or bi-weekly basis.


What does he need to create to help him decide how much of his income needs to be used for expenses and how much he can save?

budget


In most situations intergovernmental organizations and nongovernmental organizations need the following military capabilities?

Logistics, communications, and security


Which type of application would you use if you want to create a budget?

ther is no need in an application. Just think. What do you need and what do you want. How much are you willing to spend? What is your wiggle room?(going a little over boad for something you want? Do rearch. What is the average price for the things you are looking for? --- If you really want to create a tangible budget application use a spreadsheet and set it so that you have a forecast budget and actual budget used - then you can report of the differential


What info goes on a budget worksheet?

It depends on what kind of budget you want to create. As a minimum, you need to list item categories and the amount you plan to spend in each category, then include a total amount for all the categories. See related links for a basic budget format.


What was the Production Budget for Need for Speed?

The Production Budget for Need for Speed was $66,000,000.


Do 501c3 organizations legally need two signatures on checks over 500?

501c3 organizations do not legally need two signatures on checks over $500. However, most organizations choose the amount,Êwith an average of $1000 or more requiring two signatures on checks.


Why do organizations need more money?

Organizations do many things. Even non profit organizations need money to operate and accomplish things. For profit organizations need money to perform a service as well as to make a profit.


How to make a budget for throwing a party?

Organizing is the best way to create a budget. Figure out how many people are going and how long the party is going to be. If it is a long party you will need more food and more money so I recommend organizing!


What are the problems faced by human resource management in organizations?

The problems that are faced by the human resource management in organizations include the need to implement the best and most organized systems in essence.