cost 7

Budgets are the backbone of all business forms. These are the financial structures that managers align their spending and revenue expectations against during their operational year. As a future business manager or owner, it is imperative to understand the components and tools contained within these financial statements.

For this module's project piece:

• In a 1-2 page Word document, use your business form to create a rough budget based on what you believe the costs and expected revenues should be for the business.

• Be sure to include how you would manage and measure the results against this budget upon realizing the budget should be flexible.

Goes with cost, cost 2, cost 3, cost 4, cost 5 and cost 6