Solved: What do you think might be some pitfalls of budgeting, Financial Management

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What do you think might be some pitfalls of budgeting

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• In your own words, explain what a budget is and why it is important for a business to have a budget.

• Budgets are developed months before the end of the current year and are best guess estimates of future performance. What do you think might be some pitfalls of budgeting, and how can they be avoided?

The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.

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