Question

Describe and discuss differences that are apparent between government and business budget making? Are there any similarities in their profit motives? Please provide at least two examples to support your perspectives.

Answer 1

Sol There are moTe disscrnces belucen bosine«:5 and Jovermmen d geling than SimilartieS Business budjbhnve Jvcale» flev have J'eato -flex : bili and 冫づ VC づくしuer A Siqmifican thatsness bucjets ave not Tervuire,d hooever it is ilal for thc Jevermmento mot have a budjt in Place Bosiness budgcts See where the money needs to be allocakd Set thu aPplies BusineSses - havc Priorities as toCuhed is < Lee, Tohnson, and Toyce, Qoog) ovments m portant have mant dejntments Comfeing ove the and stvje a mone the most. Gosiness can raise Prices evenue , uheras the Jovernament must raise taxes before they me able to spend more Gusiness are not limitd in the method of Tevnue they can Vaise have Hu opton of fassinj hose charyes onto costomers Dusiness can achust budget because allocabons uheraj, ^he Jover tnment, obbhin apProval hich can be d:fhcult (Devan 20o^)

There each has diffevnt motvaion, -for examf a businesswant to leasc out afart are similaries in Proft motives biot No the bosinessCa claim that fart of the buildlng as a Yenta] wil now See the expenst and ke Sure. it is over loss due to ' a Yental, ačeo expense,'the rding motive i s uch distngue a business-hom