BUDGETING AS A MANAGEMENT TOOL FOR PLANNING, CONTROLLING AND DECISION MAKING
Abstract The usefulness of budgeting as a management tool cannot be over emphasized. A good budgeting system could aid management in decision-making, performing the controlling and planning functions. It does seem that this very important implement of work is not efficiently used by many managers, especially those in the private sector of our economy. The effect is that corporate efficiency has declined, profit maximization opportunity thrown overboard, while planning and ...
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