Identify distinctions between budgets and standards

Reference no: EM132743916

Question: Budgets and standards are not the same thing. They have different purposes and are set up and used in different ways; yet a specific relationship exists between them.

(a) Identify distinctions or differences between budgets and standards.

(b) Identify similarities between budgets and standards. You are required to provide your original comments/answers to the initial statement/questions (minimum 100 words per question).

Reference no: EM132743916

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