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If a budget is correctly constructed, it most likely will not need adjustment. true false

If a budget is correctly constructed, it most likely will not need adjustment.

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A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis.So preparing a budget is very important. A properly arranged budget can make a better future estimation. Eventhough sometimes we have to make some adjustments in the budget. Feedback from budgets can lead to changes in plans and strategies. Properly constructed budget also sometimes needs adjustment.

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