(Answered) Question as you are completing your budget instructions the

Finance

Question: As you are completing your budget instructions the President of the company calls you into his office. He is proposing that due to the amount of time it takes to complete the budget each year, the company not prepare a budget for the upcoming year but just use the existing forecast. a. He has asked your opinion on the benefits of a budget over a forecast and why his proposal won't work. How do you respond? What are the risks associated with his proposal? What does his proposal not accomplish? Why?

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