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What is the role of budgets in overall organization plans

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Question 1: What is the role of budgets in overall organization plans? Why are people important in the budgeting process? Explain budgeting in merchandising and service organizations. Why do ethical issues arise in the budgeting? How is sensitivity analysis used to budget under uncertainty? Examine divisional accounting income as a performance measure. How can historical cost and netbook value-based accounting measures be misleading in evaluating performance? What are the basic issues associated with transfer pricing? Discuss the general transfer pricing rules and their underlying basis.

Reference no: EM132855929

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