What types of organizations might use flexible budgets

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1. The purchasing department is a vital component of the entire purchasing cycle. Identify the steps in the conventional purchasing cycle and describe the differences between buying and purchasing. Provide examples from the text and/or your professional experiences.

2. How would you change your employee’s work schedules to manage a forecasted drop in production of 19% for the next 8 weeks?

3. What is a flexible budget? What types of organizations might use flexible budgets? Why are flexible budgets useful?

Reference no: EM132201372

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