Define Budgeting and Control

question 37

Essay

Define budgeting and control. How are budgets used in planning? How are budgets used to control? What are some of the reasons for budgeting?

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Definitions:

Length Measurements

The determination of the extent of something from end to end, typically in units such as meters, inches, or miles.

Significant Figures

The number of digits in a value, counting from the first non-zero number, that are used to express the precision of measurements and calculations.

Significant Figures

The numbers of meaningful digits used to express a value accurately, reflecting its precision.