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A manager of a small business made the following comment when a friend suggested that his business could benefit if he were to prepare cash budget

Accounting

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A manager of a small business made the following comment when a friend suggested that his business could benefit if he were to prepare cash budget.

"Some people think they are alright but I run only a small business and I don't want to waste my time preparing budget which, after all, are just best-guessing the future. I am more interested in what actually happens, not what I think might happen."

Do you agree with him? Why?