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1. Explain the goals of budgeting and steps required to build a budget. 2. Explain how a contribution margin and break-even analysis are calculated. What

1. Explain the goals of budgeting and steps required to build a budget.

2. Explain how a contribution margin and break-even analysis are calculated. What are those important?

3. What is financial benchmarking?

4. Explain why the value of monies received in the future is lower than the value of the same money today.

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