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Describe the Purpose of Budgets in a Business

question 119

Essay

Describe the purpose of budgets in a business.


Definitions:

Directive Behaviours

Actions of a leader that provide clear instructions, expectations, and guidance to their subordinates.

Assertive

Characterized by confident and forceful behavior, enabling individuals to express their thoughts, beliefs, and feelings in an honest and direct manner.

Democratic Behaviours

Actions that promote participation, equality, and fair treatment within groups or societies.

Participative

A style or process that involves input, involvement, and collaborative decision-making with all stakeholders or team members.

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