Most every firm has a budget. In many cases, however, firms use them inappropriately. In extreme cases,

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Most every firm has a budget. In many cases, however, firms use them inappropriately. In extreme cases, the way the budget is used by the firm might actually encourage incorrect decisions.

Explain why budgeting is important for a firm. Do you think that a firm's budget should ever be violated (exceeded)? Explain your rationale.

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Posted Date: Apr 30, 2024 04:12 AM

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Most every firm has a budget. In many cases, however, firms use them inappropriately. In extreme cases,

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Expert Answer:

Budgeting is an essential tool for firms to effectively manage their financial resources and achieve their strategic objectives Here are some reasons why budgeting is important for a firm 1 Planning a... View the full answer

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