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What understand by budgets

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Reference no: EM132617378

Provide long answers for the following questions.

Problem 1) Explain the concept of contribution and limiting factors and how it can be effectively used in decision making

Problem 2) Explain what you understand by Budgets, Fixed Budgets and Flexible Budgets in the context of control and performance evaluation of an organization of your choice.

Reference no: EM132617378

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