Question: Define Budgeting and forecasting, compare and contrast the differences between the two processes. which one is more important to the financial health and success of

Define Budgeting and forecasting, compare and contrast the differences between the two processes.

  • which one is more important to the financial health and success of a company, or both?
  • Which staff and company resources are used for each process?
  • Which one is more cost effective?
  • Can they be used in tandem?
  • What about very small companies?

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