EFFECTS OF BUDGETING AND BUDGETARY CONTROL ON THE PERFORMANCE OF MIDDLE MANAGEMENT
CHAPTER ONE 1.0 INTRODUCTION A budget is a “financial and/or quantitative statement, prepared and approved prior to a defined period of time, of the policy to be pursued during that period for purpose of attaining a given objective. It may include income, expenditure etc. The establishment of executives to requirement of a policy, and the continuous comparison of actual with budgeted result. A budget is thus a standard with which to ...
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