Identify at least three roles that budgeting plays

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Please identify at least three roles that budgeting plays in helping managers control and monitor a business. What is the benefit of continuous budgeting? Please identify three usual time horizons for short-term planning and budgets. Why should each department participate in preparing its own budget? What limits the usefulness to managers of fixed budget performance reports? Please identify the main purpose of a flexible budget for managers. What type of analysis does a flexible budget performance report help management perform?

Reference no: EM131028266

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