Hi,

I am requesting your help. This course-related in Managerial Accounting about Real-World discussion.

1. Define the term budget (according to the text). How are budgets used in planning? 2. Define control (according to the text). How are the budget used to control? 3. Explain how organizations can benefit from budgeting. 4. Share an example of a business or personal budget you have seen or utilized. How was this budget used in planning and control?

Thank you, Michelle