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Differentiate between the two types of budgets

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

Differentiate between the 2 types of budgets.

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

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

Reference no: EM133027147

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