A budget is both a projection and a control. A manager may need to go over budget to meet sales goals or spend less than budgeted. A manager should communicate any changes to his manager, but in some organizations, the best budget is the one that_____________.

Explanation :A budget is a projection or estimate of revenue and expenses for a period of time, it is a planning, projection and control tool. it is also a quantified plan of action that has a time limit.

Some of the functions of a budget is that it provides a means of allocating scarce resources, it coordinates activities and forces managers to think about long term plans for the business.

There are a number of types of projects such as Fixed Budget, Flexible Budget etc

The best budget is a flexible budget because it recognizes the difference between Fixed cost, Variable cost, Semifixed cost. so also, expenses are classified according to behaviour.

it is more realistic because it gives due consideration to different Levels of Activity.

the Flexible budget can be easily ammended to different activity levels this is why it is the best.