Q1.1a: Why is it important for managers to plan? Q1.1b: Indicate how co-ordination of activities benefit the
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Q1.1a: Why is it important for managers to plan?
Q1.1b: Indicate how co-ordination of activities benefit the organization.
Q1.1c: Why is feedback important to the budget process?
Q1.2: Briefly describe the difference between static and flexible budget.
AlsoExplain the influence of fixed and variable costs when preparing 'flexible budget'.
Q2: List five (5) factors that need to be considered when preparing budgets.
Q3: Briefly discuss Qualitative and Quantitative methods for forecasting.
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