Own views on the nature of budgets

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This week our focus is on Budgeting.

In our discussion this week we will focus on:

'A budget is a forecast'.

'A budget is a target'.

'A budget is an allocation of resources'.

'A budget is a measuring rod'.

Discuss any conflicts that are inherent in the above views of budgets. Discuss the general validity of each of the statements and give your own views on the nature of budgets.

Reference no: EM131465320

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