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hello.
In June 2014, Q4 (b) answers the examiner says that answer based on PRIME acronym would also be acceptable. I can’t find anything about PRIME.
What does prime stand for?Thanks.
Sorry, I don’t know. People tend to have their own pet acronyms. I list the purposes of a budget as:
Forecasting
Planning
Control
Communication
Coordination
Authorisation
Motivation
EvaluationI remember it by “Few People Can Comfortable Carry A Male Elephant”. (This probably give more information about my weird mind than about budgets.)
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P- planning and coordination
R- responsibility
I- integrity
M-motivation
E- evaluation- Topics: 0
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Benefits of budgeting – PRIME
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Yes, Monica786, you are right
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