Budgeting is a powerful tool for all businesses. Budgets play a vital role for both the public and private sectors in the development of a sound business strategy.

• Discuss why budgets are so important for all organizations.
• Describe some advantages and disadvantages to budgeting.

Answer rating: 100% (QA)

Budgets are important for all organizations because they provide a clear financial plan for achieving specific goals and objectives They serve as a roadmap for decisionmaking and allow organizations t... View the full answer