Can you provide a overview of budgeting and forecasting in financial management? Describe the various types of
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Can you provide a overview of budgeting and forecasting in financial management? Describe the various types of budgets and forecasting methods. Additionally, explain how to prepare a budget and a forecast specifically tailored for a small business. Lastly, what are the key distinctions between budgeting and forecasting, and under what circumstances would a business opt to create one over the other?
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