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Surveys show budgeting is regarded as one of the most important management tools by Asian companies. Required: (i) Discuss five (5) advantages of budgeting in

Surveys show budgeting is regarded as one of the most important management tools by Asian companies. Required: (i) Discuss five (5) advantages of budgeting in planning and control. (ii) Identify three (3) guidelines that an organization needs to follow if budgeting is to be an effective motivational tool for employees. (16 marks)

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