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1A. Identify at least three benefits of budgeting in helping managers plan and control a business. 1B. Identify what is top-down budget and a bottom-up

1A. Identify at least three benefits of budgeting in helping managers plan and control a business.

1B. Identify what is "top-down" budget and a "bottom-up" budget and explain their pros and cons.

1C. What is the process of preparing the Operating budget? Explain the process step by step.

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