Question1 - Identify and explain three benefits of budgeting and, three challenges to creating a budget.

Question2 - Define, compareand contrast traditional budgeting and zero-based budgeting.

Question 3 - Explain the terms imposed budget and participative budget and distinguish between them. Discuss which one you think might be more effective in generating employee loyalty and productivity. Why?

Question4 - Define and explain the purpose of a flexible budget and a static budget.

I don't have any references

Thank you