Understanding Management (MindTap Course List)
Understanding Management (MindTap Course List)
10th Edition
ISBN: 9781305502215
Author: Richard L. Daft, Dorothy Marcic
Publisher: Cengage Learning
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Chapter 15, Problem 8SL
Summary Introduction

To determine:

The way by which one manages his budget, being a student.

Introduction:

Budgetary control is the most frequently used methods of managerial control. One has to set some targets for the expenditures for a period by taking into account of the income too. The results of the method must be monitored so that a flaw in the current budgetary plan may be rectified in the future. In an organization, a budget is created separately for various departments based on the requirements for each department.

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