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timer Asked: Jul 26th, 2013
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Question Description

Is it important for a company to follow a strict budget even though they may be experiencing phenomenal profits? Do you think there will a bias towards greed when creating the budget for this company? Explain

Tutor Answer

School: Rice University

yes it is much Important for a company to follow the strict budget because profit is a time being materialistic matter but GOOD WILL (fame of a company's quality work) will set permanent name of company in market so if compare both of these two important factors means quality work (which can be done by strictly following budget not bias toward greed) and greed of earning massive profit suddenly then quality work is much important factor which will give us long term return so we should follow budget strictly

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