In relation to our budget and planning chapters, please explain the following:

- How does a budget contribute to good management ?

- Kate Cey and Joe coulter are discussing the benefits of budgeting. They ask you to identify the primary benefits of budgeting. They ask you to identify the primary benefits of budgeting. Comply with the request.

To get the most points from this discussion, please provide:

1. Theoretical definition and your own explanation.

2. Your examples.