Class - Provide your responses for the following 5 questions in 200-300 words each and written in APA format - Identify at least three benefits of budgeting in helping managers plan and control a business. -- Identify three usual time horizons for short term planning and budgets. - How does budgeting help management coordinate and plan business activities. - Identify at least two potential negative outcome of budgeting. - Activity based budgeting is a budget system based on expected activities. Describe activity based budgeting and explain its preparation of budgets. How does activity based budgeting differ from traditional budgeting