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irga5000 [103]
2 years ago
15

List 2 advantages and 2 disadvantages of budgeting.

Business
1 answer:
likoan [24]2 years ago
7 0
<h3>Two advantages of budgeting;</h3>

i. Manage your money effectively.

ii. Monitor performance.

<h3 /><h3 /><h3>Two disadvantages of budgeting;</h3>

i. Time required.

ii. Gaming the system.

iii. Blame of outcomes.

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The correct answer will be the "proportion of firms with flexible prices".

Explanation:

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So that the above is the correct solution.

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3 years ago
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3 0
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Summary and reflection ....<br>how can we manage the problem of scarcity ?
Effectus [21]

The main thing we can do to manage the problem of scarcity is to not overspend.

Scarcity happen when the number of demand in our society heavily outnumber the amount of  resources available. By observing our consumption behavior today, we will notice that a lot of people spend money to buy more goods or services that they actually need.

If we control this overspending behavior, not only people who overspend can save some of their money, there will be a lot of goods/services left for other people.

7 0
3 years ago
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