Mention one demerit of deficit budget
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There are several disadvantages to the use of budgeting within a business, which are as follows:
Time required. It can be very time-consuming to create a budget, especially in a poorly-organized environment where many iterations of the budget may be required. The time involved is lower if there is a well-designed budgeting procedure in place, employees are accustomed to the process, and the company uses budgeting software. The time requirement can be unusually large if there is a participative budgeting process in place, since this system involves a large number of employee
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