Some experts argue that budgets have to be loose and flexible for companies that are in their

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Some experts argue that budgets have to be “loose” and “flexible” for companies that are in their growth phase. Other experts believe that good planning and control through well-formulated budgets can never hurt. Which line of reasoning do you agree with? Are these two arguments necessarily inconsistent?

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Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

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