Business Studies: Budgets an introduction
ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: Ratio Analysis:Budgets an introduction
- As pointed out in another topic one of the principal functions of management is planning
- It involves creating predetermined courses of action (i.e. plans)
- A budget is a plan of action for achieving quantified objectives
- Budgets are plans of action expressed in quantitative(measurable) terms
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