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List the four major parts of the budgeting cycle: ( strategic planning, planning, implementation, controling) Describe each of the parts. How do they inter-relate? What

List the four major parts of the budgeting cycle: ( strategic planning, planning, implementation, controling)

Describe each of the parts. How do they inter-relate?

What could be the consequences caused by any of the four being done poorly or omitted from the process?

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