I need a lot of information on the topic as I am running out of time to respond to the question.

In our discussion this week we will focus on:

'A budget is a forecast'.

'A budget is a target'.

'A budget is an allocation of resources'.

'A budget is a measuring rod'.

Discuss any conflicts that are inherent in the above views of budgets. Discuss the general validity of each of the statements and give your own views on the nature of budgets.