Purpose Of Budgets And Relevance Of Traditional Budgetary Systems

BudgetDiscuss the purpose of budgets and the relevance of traditional budgetary systems to the contemporary and dynamic environment in which companies operate?
Budgets are a very important part of any business or activity carried out. People always think of a budget as the term for running of the typical household. That is given a certain amount of budget, how would one use that money so that all the basic needs are fulfilled and satisf…