Question: Planning and Control. Three young professionals recently started a firm that develops applications for smart phones. The first month was just completed, and the owners

Planning and Control. Three young professionals recently started a firm that develops applications for smart phones. The first month was just completed, and the owners are in the process of comparing budgeted revenues and expenses with actual revenues and expenses for the month. Would this be considered part of the planning function or the control function? Explain.

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