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Annual budgets are used pretty much universally, why are they not useful? If budgets are past their useful life, why are they still in practice?

  • Annual budgets are used pretty much universally, why are they not useful?
  • If budgets are past their useful life, why are they still in practice?
  • What improvements have been made to the budgeting process, and how does this relate to the budgets we're making in Chapter 10?
  • What is the most damaging use of a budget, according to the authors? Do you agree?

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