Budget Development Project
The great depression in 1929 led to the emergence of organization some of which are meant to make profits while other run as non-profits (Penner, 2013). Indeed, these organizations are required to budget for their expenses in light of their operations. A budget refers to the overall estimation of how an organization, institution, individual or government aims to spend the resources for a specific period. These resources may include money, inventory, labour among other factors of production . Normally, top-level managers including CEOs do the formulation of a budget. However, there can be involvement of subordinate staff in decision-making. In ...
