Describe some advantages and disadvantages to budgeting

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1. Discuss why budgets are so important for all organizations.

Describe some advantages and disadvantages to budgeting.

2. Explain 2 different types of budgets and discuss how they complement each other.

What is the difference between a flexible budget and a static budget? Which one do you believe works better for a business you have worked for or about which you are familiar?

3. Describe what would happen to a company if it ran out of cash.

Explain the importance of good working capital management and the cash conversion cycle.

Reference no: EM132882294

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