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Budgeting involves quantitative planning to achieve organizational objectives over a specified time period, usually a fiscal year divided into quarters. Budgets are used for planning and control, where planning develops objectives and budgets to achieve them, and control involves steps to ensure objectives are attained. Self-imposed budgets prepared with manager participation have advantages like improved accuracy and motivation over imposed budgets. Human factors like management commitment and achievable t
- Author
- Roman Ali
- Language
- EN