Comment critically on the following statements: (a) A budget is a forecast of an organisations activities

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Comment critically on the following statements:

(a) ‘ A budget is a forecast of an organisation’s activities for the forthcoming period. ’

(b) ‘ The budgetary planning process for a manufacturing and trading organisation should always begin with the preparation of the sales budget. ’

(c) ‘ Revising the budget part way through the period is not advisable because it leads to a lack of continuity in the planning process. ’

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