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Exercise 1 of 6: a. Distinguish between a static budget and a flexible budget' b. Identify and describe the 4 steps budgetary control c.
Exercise 1 of 6: a. Distinguish between a static budget and a flexible budget' b. Identify and describe the 4 steps budgetary control c. Distinguish between a budget and a budget report. How are they different? d. Why are flexible budgets important?
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