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Budgeting in not-for-profit organizations is necessary only if some product is produced and sold. usually starts with budgeting expenditures, rather than receipts. consists entirely of

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Budgeting in not-for-profit organizations is necessary only if some product is produced and sold. usually starts with budgeting expenditures, rather than receipts. consists entirely of budgeted contributions. is not important because they are not profit-oriented

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