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    annual budget process

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    Discuss the advantages and pitfalls related to the annual budget process.

    © BrainMass Inc. brainmass.com October 9, 2019, 11:55 pm ad1c9bdddf
    https://brainmass.com/business/budgets/annual-budget-process-272628

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    The major advantages of annual budget include:

    Provides benchmark for measuring actual performance of the organization. Annual budgets act as a control mechanism or standard against which actual performance is measured. It allows organization to plan efficient use of resources in advance and deploy limited resources in the most efficient manner. It Causes ...

    Solution Summary

    The expert discusses the advantages and pitfalls related to the annual budget process.

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