For the purposes of a thesis proposal, a budget is unnecessary. However, when preparing the thesis itself, it is important to keep budgetary constraints in mind. I conducted a brief budget plan for my thesis, in a nonitemized, flexible format. This allows for the maximum flexibility in my planning without breaking the bank.
The majority of the chapter covers a lot of important topics for business-related budgets, which I'm certain are critical to the proposal process. It is nice to see the emphasis the authors placed on certain areas, especially on hidden cost concerns. However, a lot of this information would do better in a personal finance class.
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