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Budgets incorporate managements goals and includes only financial aspects of an operation as those are the only items that can be quantified in a profit
Budgets incorporate managements goals and
includes only financial aspects of an operation as those are the only items that can be quantified in a profit plan | ||
express management's operating and financial plan for a specified period - usually a fiscal year | ||
are both a short range and long range profit plan | ||
are a strategic long range plan |
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