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Budgeting is a managerial tool used for financial planning and control. Consider the features of budgeting and respond to the following: What are the primary

Budgeting is a managerial tool used for financial planning and control. Consider the features of budgeting and respond to the following: What are the primary advantages of budgeting? Provide an example. When can the budgeting process be a hindrance to an organization? Explain by giving some examples.

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