Kira’s finance class is working on budgets today. The assignment is to pick the industry she is hoping to work in when she graduates high school and then create a budget. Kira plans to work in forestry, so she tries to plan a budget for that profession. Which of the following should Kira remember when creating her budget? If the budget is small, expenses have to be documented more carefully. If the budget is large, expenses do not have to be documented as carefully. With government budgets more money can be allocated if they overspend their budget. Most budgets are determined annually, and there is not much room for error.
