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(TCO 10) On the topic of budgeting, please answer each of the three following questions: (a) What is participative budgeting (5 points)? (b) Please state

(TCO 10) On the topic of budgeting, please answer each of the three following questions: (a) What is participative budgeting (5 points)?

(b) Please state at least two advantages of participative budgeting (10 points).

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