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Differentiate between the two types of budgets

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Reference no: EM132803033

Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Describe 2 main types of budgeting: static budgets and flexible budgets.

Respond to the following in several sections:

Problem 1: Differentiate between the 2 types of budgets.

Problem 2: Provide an example of the type of business or company that would benefit from using a flexible budget.

Problem 3: Provide support for your business selection and include the advantage for using a flexible budget over a static budget.

Reference no: EM132803033

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