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Questions 1. Explain how budgeting affects (a) business strategy (b) operations (c) investment and financing decisions 2. (a) Which one produces a more comprehensive budget:

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Questions 1. Explain how budgeting affects (a) business strategy (b) operations (c) investment and financing decisions 2. (a) Which one produces a more comprehensive budget: top-down approach or bottom-up approach? Explain your answer. (b) What is budgetary control report? How useful is control report in budgeting

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