Question: How budgets aid management in decision making? What is master budget? What is flexible budget and how it is superior to a static budget?

How budgets aid management in decision making? What is master budget? What is flexible budget and how it is superior to a static budget?

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Budgets aid management in decision making in several ways 1 Planning Budgets provide a roadmap for achieving the organizations goals and objectives They help management to forecast and allocate resour... View full answer

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