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Essay Details:
Essay text:
Budgetary styles
3. The budget process in a manufacturing company
4. Comprehensive example of a budgetary process of a manufacturing company
5. Budgetary management challenge
6. Objectives
budgets
1 The origin of budget
The word budget arises from the French “bougette”[1], a small leather case used in France by finance officials to carry state plans. Eventually the term came to refer to the plans themselves although these early documents did not resemble budgets as we know them today. Rather, budgets as management tools first appeared in government. In the United States, budgets were introduced at the municipal level in the late 1800’s to limit the ability of the state to tax and spend and by 1919, forty four US states had adopted some form of state budget...
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