PITOGO HIGH SCHOOL

NEGROS ST. PITOGO MAKATI CITY

S.Y. 2020-2021

Effectiveness of Budgeting to Business Enterprises in Coping with Financial Struggles

during the Pandemic

A Research Presented to
Ms. Maria Lourdes Lazaro

In partial fulfillment of the course Practical Research 2

Submitted by:

Palomares, Benjamin

Rianzares, Alex Ezekiel V.

Cardaño, Juliana Nicole B.

Robrigado, Sheryllen S.

Grade 12 ABM - Liliane Henriette Charlotte Bettencourt

(October 18, 2021)

ABSTRACT

The study focuses on determining the effectiveness of budgeting to small enterprises in coping

up with financial struggles during this pandemic.. This study was conducted in Barangay South

Cembo, Makati City, Philippines. A qualitative method is used in this research in order to

investigate the effectiveness of budgeting to small enterprises in coping with financial struggles

in this time of pandemic. In this research, both probabilistic and non-probabilistic sampling

techniques were used. In probability sampling, a simple random sampling method was used

because the strata (department) were in homogenous characteristics where it became possible

to select units randomly without bias.

 Table of Contents
Chapter 1: The Chapter and Its Background………………………………………………..
Introduction……………………………………………………………………………………...
Background of the Study……….……………………………………………………………...
Statement of the Problem……….……………………………………………………………..
Hypotheses……….……………………………………………………………..…………..…..
Scope and Limitations of the Study…………………………………...…………..…………
Significance of the Study……….………………………………………...……………..…....
Theoretical Framework……….………………………………………………………………
Conceptual Framework………………………………………………..……………………...
Definition of Terms……….……………………………………………………………..…….
Background of the Study

Business organizations operate using resources such as financial, human,

capital and others. Financial resources are one of the key elements in achieving

business’ objectives and goals. However, in order for these business enterprises to

achieve their objectives, the budget has to be prepared effectively and adhered to. A

budget may be described as a quantitative expression of a plan and the process of

converting plans into budget is known as budgeting. Budgeting is one of the most widely

used tools for planning and controlling business organization. The budgeting process

may be quite formal in a large institution with committees set up to perform the tasks.

On the other hand in a very small firm the owner may write down the budget on a piece

of paper or just budget in his head about the items he can remember easily.
Statement of the study

The study aimed to know about how a financially struggling Business enterprise

manages to confront the economic rate of the pandemic. Our research intends to

answer the following question.

Specific Questions:

1. What is the profile of the respondents in term/s of:

a) Name (Optional)

b) Section

c) Age

3. How does budgeting help entrepreneurs in overcoming financial problems in their

businesses during this pandemic?

4. Does budgeting improve the capability of entrepreneurs to fund the needs and

production of their small businesses?