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What are the primary advantages of budgeting

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Reference no: EM131775019

Budgeting is a managerial tool used for financial planning and control. Consider the features of budgeting and respond to the following:

  • What are the primary advantages of budgeting? Provide an example.
  • When can the budgeting process be a hindrance to an organization? Explain by giving some examples.

Reference no: EM131775019

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