Question

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List any four characteristics of good budget.


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Answer 1

Answer:

>The Budget Must Address the Enterprise's Goals.

>The Budget Must be a Motivating Tool.

>The Budget Must Have the Support of Management.

>The Budget Must Convey a Sense of Ownership.

>The Budget Should be Flexible.

Explanation:

The key to really being successful at budgeting is to take a multi-step approach to budgeting and to stop making budgeting excuses or serious budgeting mistakes. Doing these steps in the right order will make it easier for you to budget successfully in the future.