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What Is Stretch Budgeting? Why Is It Used

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What is stretch budgeting? Why is it used?


Definitions:

Terminating Decimal

A decimal fraction that comes to an end or has a finite number of digits after the decimal point.

Five-Figure Accuracy

A level of precision where a numerical value is rounded to the nearest ten-thousandth place, representing the first five significant digits.

Terminating Decimal

A decimal fraction that has a finite number of digits after the decimal point.

Five-Figure Accuracy

A level of precision in numerical calculations or measurements where the result is accurate to five digits.

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