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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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[Solved] Week 2 Discussion - Budgeting 101

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  • Submitted On 19 May, 2022 09:32:07
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Public Vs. Business Budgets Name Institution Page Break 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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