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Developing an Operating Budget—Theory and Practice
When creating a budget for an organization, it is important to consider several outputs, which depend on the perspectives of the individuals developing the budget. There are certain best practices to keep in mind when developing budgets.
Using the module readings, Argosy University online library resources, and the Internet, research the value of budgeting as well as methods used to motivate all departments or units of an organization to define budgets.
Based on your research, respond to the following:
Give reasons to support your statements.
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