Business of the Changing World

Business of the Changing World

Based on the recommended readings and your own experience, post a 100 word minimum response to the following discussion question. Please, make sure your answer reflects your own words and critical thinking.

Responses must be written in APA style. In-text citations and references are required when utilizing outside sources of any kind. Review the citation requirements located under the Week 1 Course Materials, Discussion Rubric.

Answer all parts to the discussion question.

A) Why is the budgeting process important to a business?

B) What does the term “the bottom line” mean to an organization?

C) Share your experience in working with a budget.

 

Answer Preview
Budgeting is very important in a business. The budgeting process involves forecasting the expenses and incomes of the business. A budged gives a clear roadmap to the members of an organization on any future expenditure. A budget also helps an organization to plan its finances for any activities and projects that may require financing by the business. Budgeting also enables…
(380 Words)
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