What are the types of budgets organizations can use? How are they different and why would a company choose one type over another?

Budgeting in any organization, whether it is for-profit, nonprofit, or even a governmental agency, is important for: income planning and monitoring; revenue versus expenses; resource management; and successful financial planning. Provide an example as to why these reasons are so important for organizations to budget. What are the types of budgets organizations can use? How […]