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Discuss the Basic Functions That Budgets Perform for a Firm

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Essay

Discuss the basic functions that budgets perform for a firm.


Definitions:

Minimum Payment

The smallest amount of a credit card bill that must be paid each month to avoid defaulting on the debt.

Finance Fee

A charge associated with the management or processing of financial transactions.

Debit Card

A payment card that deducts money directly from a consumer's checking account to pay for a purchase.

Credit History

A record of a borrower's responsible repayment of debts over time.

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