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Imposed Budgets
In this approach to budgeting, top management prepares a budget with little or no help from operating personnel, which is then obligatory upon the employees who have to work to the budgeted figures.
Imposed budgets are effective in the following conditions:
BUDGET PROBLEM The Budget Director of Dave, Inc. with the assistance of the Controller, Production Manager and the Sales Manager has gathered the following data for use in develop
Explain Quality control and Total quality control Quality control (QC) circles can be viewed as a group oriented suggestion system for making improvements. QC circle is a sm
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Important steps of budgetary control There are certain steps which are essential for the successful implementation of a budgetary control system. They are as follows: 1) Or
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