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Question
Budgeting is the process of preparing ______.
Options
Forecast
Budgets
Trends
None of these
MCQ
Fill in the Blanks
Solution
Budgeting is the process of preparing budgets.
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Comparison Between Budgeting and Forecasting
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A ______ is a judgement that can be made by anybody while a ______ is a plan that requires authority of management.
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Distinguish between budget and forecast.
