Budget controls and cost containment
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Are there many differences between public and private organizations with budget controls and cost containment?
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Solution Summary
This solution explains if there are differences in budget controls and cost containment when comparing public with private organizations.
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The main difference specifically deals with public organizations. In a public organization, investors are a primary consideration. In terms of cost containment and budget controls, management always has to consider the company's net income to a degree that is different from a public organization. This is because if investors ...
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