What are the three major objectives of budgeting? What behavior problems are associated with setting a...

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What are the three major objectives of budgeting? What behavior problems are associated with setting a budget too loosely? Within an organization there is a master budget that is compiled of several operating budgets. Of these operating budgets, which budget provides the most critical piece of information to managers, and why? What are the three major objectives of budgeting? What behavior problems are associated with setting a budget too loosely? Within an organization there is a master budget that is compiled of several operating budgets. Of these operating budgets, which budget provides the most critical piece of information to managers, and why?