Asked by
Linda Estrella
on Oct 10, 2024
Verified
One of the weaknesses of budgets is that they are of little value in uncovering potential bottlenecks.
Budgets
Financial plans that estimate revenue and expenditures over a specific time period.
Potential Bottlenecks
Points in the production process that can cause delays due to limited capacity or resources, impacting overall productivity.
- Understand the advantages and constraints associated with budgeting.
Verified Answer
OG
Learning Objectives
- Understand the advantages and constraints associated with budgeting.