Discuss the Importance of Budgeting and Identify Five Purposes of Budgeting

question 59

Essay

Discuss the importance of budgeting and identify five purposes of budgeting systems.

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Definitions:

Emotional Episode

A sequence of emotional reactions occurring in response to a specific event or situation.

Vary

To change or alter in form, appearance, or nature, often in a slight way, leading to variations within a group or patterns.

Intensity

The quality or state of being intense; often refers to the degree or amount of strength, force, energy, or feeling.

Physiological Change

Any alteration in the normal functioning or structure of a living organism, often in response to environmental factors or internal conditions.