Explain why an effective budget requires an organisation to proper Strategic and operating plans in place.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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4. Explain why an effective budget requires an organisation to proper Strategic
and operating plans in place.

explain the answer with relevant examples. thank you.

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