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What are the restrictions of budget?
Restrictions of budget:
a. As budget is based onto estimates, which is, estimated sales, costs, business circumstances, many more. it may require periodic revisions since estimates may not emerge to be some percent accurate.
b. A budget may not work when the concept of budgeting is not sold correctly to various sections of the business. Merely the persons working in various sections can make an established budget, a success. Therefore, it must be a cooperative budgeting.
c. A budget cannot work till the wish to make this work is established into the minds of persons working within the various sections of a business concern.
QUESTION The advent of the internet in the 1960s and the World Wide Web in the 1990s has revolutionised global communications. (a) Differentiate between the Internet as well
the negavtive effect intermediaries has on a business organisation
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