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Question
Budgets are an important tool of ______.
Options
Planning, co-ordination
Motivation and control
Capital and cash
Price determination
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Solution
Budgets are an important tool of planning, co-ordination.
Explanation:
Budgets turn objectives into quantitative plans, guide resource allocation and timing, coordinate departmental activities across the firm, and provide benchmarks for performance evaluation and control, helping ensure targets are met.
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