Business Finance
acounting discussion

Question Description

I don’t know how to handle this Business question and need guidance.

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

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Final Answer

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

Rice University

Anonymous
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