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Questions -

1. How is budgeting tied to the planning process?

2. What type of strategy would the budget fall under?

3. What period of time does a strategic plan cover?

4. What period of time do budgets cover?

5. What is the disadvantage of the participative budget?

6. Why would you prefer a participative budget as a manager?

7. Which department is responsible for the first budget in a master budget?

Accounting Basics, Accounting

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