Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business.
Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business.
Our textbook, Managing Accounting Concepts, describes 2 main types of budgeting: static budgets and flexible budgets.
Respond to the following in a minimum of 175 words: Differentiate between the 2 types of budgets.
Provide an example of the type of business or company that would benefit from using a flexible budget.
Provide support for your business selection and include the advantage for using a flexible budget over a static budget.
Answer preview to budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business.
APA
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