Question: Participative Budgeting, Not-for-Profit Setting Dwight D. Eisenhower was the 34th president of the United States and the Supreme Commander of the Allied Forces during World War II. Much of his army career was spent in planning. He once said that ‘‘planning is everything; the plan is nothing.''
Required: Conceptual Connection: What do you think he meant by this? Consider his comment with respect to the master budget. Do you agree or disagree? Be sure to include the impact of the master budget on planning and control.