1. Define a budget and describe how management uses it. 2. Describe the two major theories used…

1. Define a budget and describe how management uses it. 2. Describe the two major theories used…

1. Define a budget and describe how management uses it.
2. Describe the two major theories used for the detection of out-of-control costs.
3. Define future value and present value.
4. Explain the budgeting process in detail.

1. Define a budget and describe how management uses it. 2. Describe the two major theories used…

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