A Business Develops a Budget for Many Reasons Beyond Wanting

question 101

Essay

A business develops a budget for many reasons beyond wanting to know what future profits will be.Comment on the role of a firm's strategic goals in both the master budget and the capital budget.

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Definitions:

Maximum Amount

The highest quantity, limit, or degree of something that is possible or allowed.

Appendix

A supplementary material at the end of a book, document, or report, containing additional or explanatory information.

Information Crucial

Essential or critical information necessary for understanding or making decisions.

Multiple Audiences

Multiple audiences refer to the diverse groups of people that communication, work, or media is intended to reach, each with different characteristics, needs, and expectations.