What do you think might be some pitfalls of budgeting, and how can they be avoided?
Assessment Description
Budgets are developed months before the end of the current year and are best guess estimates of future performance. What do you think might be some pitfalls of budgeting, and how can they be avoided? In your response, consider also discussing the various time frames for budgets. Participate in follow-up discussion by adding additional elements or additional rationale to those of a classmate.