What is the relationship among planning, budgeting, and cont
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What is the relationship among planning, budgeting, and control? Where in your personal or professional experience have you seen this relationship?
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This solution discusses the relationship among planning, budgeting, and control.
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The functions of planning and budgeting are essential in order for control to be effective. When management engages in planning and budgeting, the first usual step is to analyze each area of the company, and determine the changes to existing plans to be implemented, and also requires that ...
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