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1. Budgeting is a practical way of linking a companys strategy (or strategies) to operations and expressing how strategic plans will be implemented over the

1. Budgeting is a practical way of linking a companys strategy (or strategies) to operations and expressing how strategic plans will be implemented over the budgeting period. Required: Critically analyse the purposes of budgets in companies in relation to strategic plans and: Planning; Responsibility; Integration; Motivation; and Performance evaluation.

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