153.Describe at least five benefits of budgeting. 154.List the three important guidelines that should be followed in the budgeting process. 155.What are rolling budgets? Why are rolling...

153.Describe at least five benefits of budgeting.

154.List the three important guidelines that should be followed in the budgeting process.

155.What are rolling budgets? Why are rolling budgets prepared?

156.Briefly describe the process by which budgets are developed and administered.