The fourth point on the list of the uses of budgets (control) implies that current management performance
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The fourth point on the list of the uses of budgets (control) implies that current management performance is compared with some yardstick. What is wrong with comparing actual performance with past performance, or the performance of other businesses, in an effort to exercise control?
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What happened in the past or is happening elsewhere does not nec...View the full answer
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Related Book For 
Accounting And Finance For Non Specialists
ISBN: 9781292334691
12th Edition
Authors: Peter Atrill, Eddie McLaney
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