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1. What are the advantages and disadvantages of the bottom-up budgeting approach? Be sure to include examples. 2. Why might a rolling budget require more

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1. What are the advantages and disadvantages of the bottom-up budgeting approach? Be sure to include examples. 2. Why might a rolling budget require more management participation than an annual budget? 3. Which of the financial budgets is the most important? Why? 4. Why does budget planning typically begin with the sales forecast

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