(Answered) Budget monitoring is necessary to make sure that businesses

Management Studies

Budget monitoring is necessary to make sure that businesses and organizations do not experience net loss and that operational expenses do not exceed the projected revenue for the budget period.

Budgeting protects the resources in a company and ensures that funds are properly accounted for and used for their initial intention.

1. What are some examples of vulnerable asset areas that pose risk for companies?

2. Do these areas vary by company or industry? Why?

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