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Control of Budget

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What can a company do to better implement and control the budget?

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The expert determines what a company can do to better implement and control the budget.

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One thing that a company can do to better implement and control the budget, is to first hold a meeting with senior and lower-level management from every department within the organization, so that the CEO of the organization can explain the budgeting plan to each of these managers as well as provide them with information as to the amount money that would be allocated to their differing departments for the upcoming fiscal year. During this meeting, the CEO should explain to these individuals that they ...

Solution provided by:
Marcel Parker, MPA
Education
  • Criminal Justice, Elizabeth City State University
  • Master of Public Administration, North Carolina Central University
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