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define and explain each of the following approaches to budgeting design: Mandated approach to budget design, Participative approach, Blended approach. Which approach do you prefer?

define and explain each of the following approaches to budgeting design:

Mandated approach to budget design,

Participative approach,

Blended approach.

Which approach do you prefer? Why?

In your answer consider the following questions:

What the advantages and disadvantages of each?

How are they alike or different?

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