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Primary Budget
The initial budget plan created for a specific period, outlining expected income, expenses, and allocations before any adjustments.
Directing
The process by which managers, given their assigned level of responsibilities, run day-to-day operations.
Controlling
In management, it refers to the process of setting standards, measuring actual performance, and taking corrective action to ensure the achievement of an organization's objectives.
Budgeted Goals
Objectives set during the budgeting process that financial and operational plans aim to achieve within a specific time frame.
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