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Management relies on budgeting and long-term planning to achieve enterprise goals and objectives. Provide a brief distinction between budgeting and long-term planning and describe how

  1. Management relies on budgeting and long-term planning to achieve enterprise goals and objectives. Provide a brief distinction between budgeting and long-term planning and describe how they help managers fulfill their responsibilities.

2. What is participative budgeting? What are its potential benefits? What are its potential shortcomings?

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