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What are the various stages of the budgeting process, elaborate each step, which types of budgets are widely used, and address briefly the benefits and

What are the various stages of the budgeting process, elaborate each step, which types of budgets are widely used, and address briefly the benefits and disadvantages of each.

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The budgeting process typically consists of several stages each serving a specific purpose 1 Setting objectives and guidelines This stage involves defining the overall financial objectives of the orga... blur-text-image

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