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Question - The board of directors of Malaya Company decided to held a board meeting. Jose Ruiz, the new president was to preside the meeting and was informed that part of the agenda was that of the budget for the company for the next year. Jose Ruiz is a nurse by profession and was irritated when he hears of the word budget. You are the secretary of Jose Ruiz, how can you explain to him why there should be a budget discussion and approval of the said budget? The board of directors of Malaya Company decided to held a board meeting. Jose Ruiz, the new president was to preside the meeting and was informed that part of the agenda was that of the budget for the company for the next year. Jose Ruiz is a nurse by profession and was irritated when he hears of the word budget. You are the secretary of Jose Ruiz, how can you explain to him why there should be a budget discussion and approval of the said budget?
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