In your own words, answer this unit's discussion questions in a main post (recommended minimum 300 words) 

Assignment Details

Budgeting is a powerful tool for all businesses. Budgets play a vital role for both the public and private sectors in the development of a sound business strategy.

• Discuss why budgets are so important for all organizations.
• Describe some advantages and disadvantages to budgeting.

In your replies to others, share your knowledge and experiences with budgets that you may have encountered within an organization or public entity.