Answer:
It provides definite objective for evaluating performance
Explanation:
Budgeting: It can be defined as the process of deciding an efficient way of spending money.
A budget is a financial plan which shows the estimation of income and expenditure over a specified future period of time. A budget can be made by an individual, business organzations or government of a country.
A budget can either be surplus or deficit.
1. A surplus budget is a budget in which the estimate of income is more than expenditure.
2. A deficit budget is a budget in which the estimate of expenditure is more than income.
Benefits of budgeting includes;
1. It provides definite objectives for evaluating performance.
2. It requires all levels of management to plan ahead on a recurring basis.
3. It facilitates the coordination of activities.
The correct answer is : <span>grow to 10.8 billion</span>
Answer:
Explanation:
Decisions about the span of management and committees affects how decisions are made in the organization. These choices determine if there is an authoritarian structure or more of a democratic structure. Flatter structures give employees more decision-making authority.
The amount Jackson would be willing to lend is $6,000.
<h3>How much would Jackson be willing to lend?</h3>
In order to determine the amount Jackson would be willing to lend, the present value of the amount Dereck would repay in 4 years. Present value is the sum of discounted cash flows.
Present value = $7,418.87 / (1.0545^4) = $6,000
To learn more about present value, please check: brainly.com/question/26537392
Small businesses deal with different issues than large companies, this is because they do not occupy the same space.
<h3>What is management?</h3>
Management is the coordination of a task or organization and the administration to achieve a goal. It includes setting the organization's goal and working towards achieving it.
Small businesses do not face the same problems as established businesses. The bigger the business the bigger the task.
Therefore, small businesses deal with very different issues than large companies or charities
Learn more on management here,
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