Assignment
Describe the Budget Process. Search the internet for:
• Examples of using a budget and / or ignoring a budget.
• Describe the situations which result
• What would you do?
Examine the purposes of static, flexible, master, operating, personnel, production, capital expenditure and overhead budgets (pick 3). Provide examples of these budgets being used in the corporate world (internet research) along with their advantages and disadvantages. Research the internet to support your discussion.