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Discuss the Value and Role of Budgets as Managerial Reports

question 39

Essay

Discuss the value and role of budgets as managerial reports.


Definitions:

Statistics Test

An analytical process or procedure applied to a set of data in order to draw conclusions about the properties or characteristics of a population.

Minutes

A unit of time equal to sixty seconds, often used to measure duration or intervals.

Timeplot

A graphical representation showing a sequence of values of a variable over time.

Closing Values

A term often used in finance and investing to refer to the final price of a stock or asset when the market closes for the day.

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