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Decentralised Budgeting

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Define decentralized budgeting. Discuss what benefits could be realized by implementing decentralized budgeting and defend with examples.

List two critical requirements for accurate capital budgeting estimation. Also, give an example of applying one capital budgeting tool.

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Solution Summary

This solution defines decentralized budgeting and provides benefits that are associated with its use, including specific examples to support the statements made. Additionally, this solution describes the two critical requirements for accurate capital budgeting estimation and gives an example of the application of one capital budgeting tool.

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Define decentralized budgeting. Discuss what benefits could be realized by implementing decentralized budgeting and defend with examples.

Budget refers to allocation of resources by laying down a plan. As per hubpages. "Decentralized budgets involve more input from individuals outside of the upper management team." It is a bottom-up approach where all the levels of management contribute to the preparation of the budget. There are important benefits which could be realized by ...

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