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Which of the following is a reason why companies should budget? (choose ALL correct answers) To provide expectations against which actual operations can be compared.

Which of the following is a reason why companies should budget? (choose ALL correct answers)

  1. To provide expectations against which actual operations can be compared.
  2. To provide an opportunity for management to focus on the past.
  3. To plan for future operations and resource requirements.
  4. To communicate the expectations of management to employees.
  5. To coordinate the efforts of employees towards a common company goal.

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