The annual budget process COLLAPSE Annual budgets are used pretty much universally, why are they not useful? If budgets are past their useful life, why are they still in practice? What improvements have been made to the budgeting process, and how does this relate to the budgets we're making in Chapter 10? What is the most damaging use of a budget, according to the authors? Do you agree?

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The annual budgeting process is a common practice used by organizations to plan and manage their financial activities However there are criticisms sur... View the full answer