Participatory Budget
The opportunity to explain differences between actual and budgeted amounts
Attainable Goals
The Budgeting guidelines ensure that budgeting is a positive motivating force that includes participatory budget that includes input from all relevant employees, attainable goals so that the employees working with the budget can stay motivated as they are achievable and the opportunity to explain the differences between actual and budgeted amounts.
Therefore budgeting is a great tool to control and monitor costs and they are used to motivate the employees.
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