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The three benefits for financial budgets are:
1. It
compels managers to think ahead by formalizing their responsibilities
for planning.
2. It provides definite
expectations that are the best framework for judging subsequent
performance.
3. It aids
managers in coordinating their efforts, so that the objectives of the
organization as a whole match the objectives of its parts.
1. It
compels managers to think ahead by formalizing their responsibilities
for planning.
2. It provides definite
expectations that are the best framework for judging subsequent
performance.
3. It aids
managers in coordinating their efforts, so that the objectives of the
organization as a whole match the objectives of its parts.
0
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