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Question:
(a) Show how the Medium Term Expenditure Framework is superior to the traditional one-year presentation of the public sector budget.
(b) What are the pre-requisites for the successful implementation of the Medium Term Expenditure Framework.
(c) Give three arguments in favour of incremental budgeting in the public sector.
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what is the benefits of UMMB
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Controlling is an essential management function as efficient control mechanisms ensure that the performance of the company increases over time through the incorporation of feedback
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What are the assumptions of MM(Modigliani Miller) approach?
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