Describe the different purposes of budgeting

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Functions of Budgets

Define the term budget. How are budgets used in planning?

Distinguish between long-term planning and budgeting. How are they related?

Describe the different purposes of budgeting.

How can the different roles of budgeting be in conflict with each other?

What is meant by the term 'management by exception'?

Reference no: EM13787108

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