Title: Create a budget.
Course: Small Business Marketing (12161) > Section: Describing the Nature of Budgets

Creation of a budget should involve projecting and listing expected revenues and expenses for a future period.

Process/Skill Questions:

- Why is a budget necessary for financial evaluation and accountability?
- What are the steps involved in creating a budget?
- What is a pro forma income statement?
- Why is it important to adhere to an established budget?
- Why is it important to save money each month?
- What unexpected events might occur that require one to use cash reserves?