EXERCISE WEEK 9: MASTER BUDGET

DATE : 15 APRIL 2020

DUE DATE : 15 APRIL 2020, 18.00 WIB
INSTRUCTIONS :
1. Answer these following questions on a double folio paper
2. Scan (in pdf) or photo your paper and upload it on google classroom before the due date
3. Write your full name and student number on your paper

1. Define the term budget. How are budgets used in planning?

2. Define control. How are budgets used to control?

3. Explain how both small and large organizations can benefit from budgeting!

4. What is a master budget? An operating budget? A financial budget?