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Why is budgetary control more important to government entiti

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Why is budgetary control more important to government entities?

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Solution Summary

In a 232 word solution, the response explains the concept of budgets to government and not for profit entites.

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The reason budgetary control is so important in government (and for other not-for-profit entities) has to do with the way in which revenue is structured. Unlike a for profit business, revenue is not an unknown for a governmental entity.

By that, I mean that the amount of revenue was computed based on a budget prepared and submitted to a funding ...

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