Week 4: Discussion 2



Week 4: Discussion 2

Introduction

Budget

Designing a budget is vital for decision making on management levels. Budgets are important because they help minimize the risk in the operations of the organization. The budget is the tool to track the performance of the company and ensure that deviations from plan are analyzed and properly controlled. Mounting a budget planning is to gather and analyze the variables that make business possible to foresee the future. The most important thing is that when we plan strategically, we gain time for an action of better quality, since the variables that can be controlled ...