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What is a functional budget?
a budget of income and/or expenditure applicable to a particular function. A function may refer to a department or a process. Functional budgets frequently include the following: production cost budget (based on a forecast of production and plant utilization); marketing cost budget; sales budget; personnel budget; purchasing budget; and research and development budget.A functional budget is the budget that is achievable and is related to a specific unit or process or function or department of the organisation. It is a group of related activities aimed at accomplishing a major service or program for which a unit of government is responsible.A functional budget is prepare for a process of function.
What is the meaning of 'the budget is a target'?
An organizational budget is a target in that it establishes boundaries for how much money could be spent on one particular area of department or competency. The budget may not be laid in stone but provides a guideline for how operations need to function in order to stay within a maximum goal of money spent
What is the budget of Congressional Budget Office?
The budget of Congressional Budget Office is 46,800,000 dollars.
What are the components of a master budget?
an operating budget and a capital budget
What is the term for a budget that starts with the absolute necessities and debt payments and then adds expenditures until there is no more cash?
zero-based budget
