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Week 2 Discussion - Budgeting 101
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"Budgeting 101" Please respond to the following:
- Describe and discuss the apparent differences between government and business budget making. Are there any similarities in their profit motives? Provide at least two examples to support your perspective.
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- Mtishwrite
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Public Vs. Business Budgets
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Public Vs. Business Budgets
It is imperative to note that the extent of similarity between government and business budgeting is too minimal, implying that both systems of budgeting are highly differentiated. First, government budgeting is a legal requirement concerned with resource allocation among numerous competing demands. On the other hand, business budgeting is not legally enforceable, implying that a business can utilize its budget as it wills (Lee, Johnson & Joyce, 20...
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