It is essential for racing teams like Hendrick Motorsports to carefully manage their budgets to remain competitive and achieve their performance goals while ensuring financial sustainability. In an initial post of at least 200 words, explain how implementing a robust budgeting process can help Hendrick Motorsports optimize its financial resources, control expenses, maximize revenues, and sustain its position as one of the most valuable racing teams in NASCAR. In your post, Describe the objectives of budgeting in business. Describe the human behavior problems that can arise when budget goals are set too high, too low, or conflict with the goals of the organization. Discuss how budgeting affects the managerial functions of planning, directing, and controlling. Compare zero-based budgeting, static budgets, and flexible budgets. Which of these budgeting methods would you recommend for Hendrick Motor Sports and why? Explain how Hendrick Motorsports uses budgets to ensure that its revenues exceed expenses