ocr: Introduction Ac common complaint by managers is that they find budgeting an extremely time-consuming task and one which diverts their valuable time from more mmediate problems requiring their attention. There is certainly an element of truth to this complaint and formal budgeting should only be undertaken where the benetits that the budgeting process bring more than outweigh the nvestment in time and money that it: necessitates. Once organisations grow beyond a certain size there is clearly a need to install a budgeting system in order that the various organisational activities can be integrat ...
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