- It is costly to prepare and review budgets at regular intervals.
- Budgets just point out the variances without providing for solutions.
- Badly handled budgetary systems may lower morale.
- Budgets may course inertia or lack of flexibility where the budgets are rigid.
- Budgets are developed around existing organizations structure which may be inappropriate
for current conditions.
- Need for personnel with requisite skills
marto answered the question on February 26, 2019 at 09:30
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Date posted:
February 26, 2019
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Answers (1)