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Problems Planning and Managing Budgets

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Explain the problems faced by large companies in planning and managing their budgets. In your answer explain how a plan of action is prepared and mention any problems which you would expect management to encounter.

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Solution Summary

This solution of 116 words describes five problems faced by large companies in planning and managing their budgets and three recommendations to tackle the aforementioned problems. References used are included.

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Budget refers to allocation of resources by laying down a plan. Most of the components are the same but some components can differ depending on the nature of the organization.
There can be problems faced by ...

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