What are some of the benefits of budgeting The article identifies challenges facing the American people due to the ever-increasing budget deficit. Do you believe that a "culture of entitlements" exists that contributes to the budget crisis? Does this concept carry over to corporate culture?

1. What priorities should a CEO have in terms of providing for his or her employees and simultaneously properly managing the finances of the company? Should an executive of a state or country have the same priorities?

   ANSWER

Budgeting is not only done at corporates but it is also done by all the government across the globe so as to manage its money in a control manner. There are many benefits of budgeting such as it helps in allocating and keeping provisioning for specific amounts of funds for each...