A budget is a benchmark against which actual performance can be compared.
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Q119: The last step in the decision-making process
Q120: Classify each cost item into one of
Q121: Evaluating actual performance, receiving feedback and learning
Q122: Complete a performance report for the month
Q123: A budget is a qualitative expression of
Q125: The process of preparing a budget encourages
Q126: A budget can only be used as
Q127: Control comprises taking actions that implement the
Q128: Explain how a budget can help management
Q129: Linking rewards to performance helps motivate managers
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