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How many different expenses can you think of that a hospitality business would have a legal requirement to allocate funds for such as licences, insurances,

  1. How many different expenses can you think of that a hospitality business would have a legal requirement to allocate funds for such as licences, insurances, taxes etc
  2. Give two specific examples of real situations that may occur which would lead you to review and change the budget. What effect would the example have on the budget and what changes would you make?
  3. Explain three ideas that would help promote budget awareness in your workplace or if you are not currently employed in a hospitality situation, then how would five-star hotel promote budget awareness?

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