Use of Budgets-Examples of Managerial budgets

Answer the questions using textbook and at least one more scholarly journal source. 3-4 pages
1. Describe how management uses budgets. Give specific examples (Chapter 16 in the
2. How are budgets used? Discuss several specific examples. (Chapter 16 in textbook)
3. How is Variance Analysis used by management? Give an example (Chapter 17 in
4. Why is dollar today worth more than a dollar in the future? (Chapter 18 in textbook).