One of the distinct advantages of a budget is that it can help to uncover potential bottlenecks before they occur.

Question

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A budget involves setting out a detailed plan of income and expenses for a specific period, which can help to identify areas where expenses may exceed available funds or where revenue projections may fall short. By doing so, potential bottlenecks or obstacles can be identified and addressed before they become major issues, allowing for more efficient and effective resource allocation.

One of the Distinct Advantages of a Budget Is That