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What is Importance of Budgeting and Control about?

The document discusses budgets and budgetary control in organizations. It presents survey results that show most employees participate in budgeting and budgets are used to monitor activities. While budgets can increase rigidity, organizations generally release budget reviews over time and managers take corrective actions for discrepancies. Suggestions are made to improve flexibility and coordination between departments when setting and adhering to budgets.

Author

Meep G

Language

EN