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Answer in a paragraph or individualy: A. Discuss the importance of the budget and identify FIVE purposes of a budget system. B. Explain how the

Answer in a paragraph or individualy:

A. Discuss the importance of the budget and identify FIVE purposes of a budget system. B. Explain how the budget can be used to assess performance. C. Explain why the degree of control a manager has over a production or cost factor is important when budgeting is used to assess performance.

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