Question: Describe how management uses budgets. Give specific examples. How are budgets used? Discus several specific examples. How is variance analysis used by management? Give an

  1. Describe how management uses budgets. Give specific examples.
  2. How are budgets used? Discus several specific examples.
  3. How is variance analysis used by management? Give an example.
  4. Why is a dollar today worth more than a dollar in the future?

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