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Part c) Budgeting has been criticized as A Cumbersome process which occupies considerable management time Concentrating unduly on short-term financial controls Having undesirable effects on
Part c) Budgeting has been criticized as
A Cumbersome process which occupies considerable management time
Concentrating unduly on short-term financial controls
Having undesirable effects on the motivation of managers
Emphasizing formal organizational structure
Explain the above criticisms and discuss the changes required in response to the criticisms so as to improve the budgeting process.
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