Whenever the demand for factors of production is greater than the supply, some method of apportioning them among different uses has to be employed and this brought the need for budgeting and control. In a perfect competition, they would be distributed among different employments according to the demand for them, equilibrium being achieved when the marginal productivity of each was the same in all occupations (J.L.Hanson, 1977).
Budgeting being the single most important decision making process can therefore be considered an important part of the classic management cycle of planning, action and control or more specifically, as part of a total management system that includes: -
-strategy formulation and implementation
As long ago as 1931, the Macmillan Committee on Finance and
Industry recommended control of investment. To support his policy of full employment, lord Beverage suggested that since investment was easier to control than saving, the two should be brought into line by imposing control over investment. Since investment cannot exist without budget and implementation, there became the need for budgetary control rather than investment control (Ifeanyi .A. Arji, 1997).
TABLE OF CONTENTS
TABLE OF CONTENTS
1.1BACKGROUND OF THE STUDIES
1.2STATEMENT OF THE PROBLEM
1.3PURPOSE FO STUDY
2.1BASIC CONCEPTS OF BUDGETING AND BUGETARY CONTROL
2.2TYPES OF BUDGETS FOR PLANNING AND CONTROL
2.3BUDGETARY CONTROL IS AN ORGANIZATION
2.6OPERATIONAL AND ADMINISTRATIVE EXPENSES
2.7TYPES OF BUDGETARY CONTROL
2.8BUDGETARY CONTROL PROCESS
2.9BUDGETARY AN EFFECTIVE MEANS OF PLANNING BUDGET ANALYSIS
(2018). BUGETARY CONTROL IN THE MARKETING AND MANUFACTURING ORGANIZATION. Afribary. Retrieved from https://afribary.com/works/bugetary-control-in-the-marketing-and-manufacturing-organization-7692
"BUGETARY CONTROL IN THE MARKETING AND MANUFACTURING ORGANIZATION" Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/bugetary-control-in-the-marketing-and-manufacturing-organization-7692. Accessed 08 Jun. 2023.
. "BUGETARY CONTROL IN THE MARKETING AND MANUFACTURING ORGANIZATION". Afribary, Afribary, 29 Jan. 2018. Web. 08 Jun. 2023. < https://afribary.com/works/bugetary-control-in-the-marketing-and-manufacturing-organization-7692 >.
. "BUGETARY CONTROL IN THE MARKETING AND MANUFACTURING ORGANIZATION" Afribary (2018). Accessed June 08, 2023. https://afribary.com/works/bugetary-control-in-the-marketing-and-manufacturing-organization-7692