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Budget is a detailed plan summarizing the financial consequences of an organisation's operating activities for a specific future time period. (a) A manager of Tasty

Budget is a detailed plan summarizing the financial consequences of an organisation's operating activities for a specific future time period. (a) A manager of Tasty Cuisine, a growing restaurant, made the following remark: "The whole budgeting process is a waste of time. I would rather my managers and finance staff focus on improving the business than spend time putting together detailed budgeting schedules." Comment on the manager's remark. (10 marks)

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