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Using concepts like flexible budgeting and participative budgeting, discuss why it is important for a company to use budgeting techniques. What type of managerial problems

Using concepts like flexible budgeting and participative budgeting, discuss why it is important for a company to use budgeting techniques. What type of managerial problems can be caused by the use of budgets?

200-300 words, formatted and cited in current APA style with support from at least 2 academic sources.

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