Instructions

Now that you know what a Master budget is and why managers create them, it is time to apply that knowledge.

First, find a budget. It can be from work, your own business, or your own personal budget. You will only be talking about the budget in a general manner so you should not be sharing exact or proprietary numbers. If you are in a pinch, simply search for a city or county budget that you live in. City and County budgets are public record so you can easily find them online.

Once you have your budget, answer the following questions:

• How does the budget reflect the goals set forth by the organization or individual?
• In 50 to 100 words, describe the Organizations Budget Cycle.
• Provide an example of how the organization utilizes their budget to define success?
• What other questions do you have about Master Budgets?