Education · Educational Administration
Budgeting is highly critical in educational institutions primarily because:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It increases operational uncertainty
- 2It ensures efficient and optimal resource allocation✓
- 3It eliminates the long-term need for institutional planning
- 4It completely ignores financial forecasting models
Correct answer
It ensures efficient and optimal resource allocation
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