Trusted by millions of Kenyans
Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Outline the limitations of budgeting in an agricultural business.

Outline the limitations of budgeting in an agricultural business.

Answers


Jim
-Budgeting in practice ignores diminishing marginal returns, constant average costs and returns being the generally used assumptions.
-Forecasting future yields, prices and incomes are difficult.
-It does not consider supplementarity or complementarity between enterprises.
-It is a trial and error method.

jim items answered the question on October 18, 2018 at 10:37

Answer Attachments

Exams With Marking Schemes

Related Questions