Asked by Brittany Hoffman on Apr 25, 2024
Control involves developing goals and preparing various budgets to achieve those goals.
Control
The process of gathering feedback to ensure that a plan is being properly executed or modified as circumstances change.
Budgets
Formal quantitative plans for the financial management of resources over a specified period, often used for controlling and directing resources.
- Acquire knowledge of the core ideas and relevance of budgeting in the context of management.
- Appreciate the significance of budgeting in supporting the organization's planning, management, and coordination processes.
Learning Objectives
- Acquire knowledge of the core ideas and relevance of budgeting in the context of management.
- Appreciate the significance of budgeting in supporting the organization's planning, management, and coordination processes.
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