Discuss the differences between the rational budgeting and incremental budgeting models. What advantages and disadvantages can you identify relating to both models? What improvements, if any, would you make to either model?
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Both budget processes have advantage. The main concern would be time. If time was short, then Incremental would give a budget that is familiar and likely fit into expectation. Another concern is change. If a lot of ...
This solution includes definition of rational and incremental budgeting with advantages, disadvantages, and suggestions for improvement. The conclusion discusses the appropriate use of rational or incremental budgeting.