Question

Differentiate between budget and procedure.

Answer 1

Difference between budget and procedure

$\begin{array}{ccc}\text{Basis}& \text{Budget}& \text{Procedure}\\ \text{Meaning}& \text{They are the}& \text{It provides guidelines}\\ & \text{statements of}& \text{to the action,}\\ & \text{expected results}& \text{prescribing the steps}\\ & \text{expressed in}& \text{to be taken, persons to}\\ & \text{numerical terms.}& \text{perform and also the}\\ & & \text{time limit for}\\ & & \text{completion of work.}\\ \text{Flexibility}& \text{It is flexible, as it}& \text{It prescribes the set of}\\ & \text{can be changed if}& \text{sequence of activities}\\ & \text{the situation so}& \text{without any discreation}\\ & \text{demands.}& \text{to mange. Hence, a}\\ & & \text{procedure is rigid.}\\ \text{Formulation}& \text{They are}& \text{They are more}\\ & \text{pronounced at}& \text{prevalent at lower}\\ & \text{higher levels.}& \text{levels.}\end{array}$