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Inventory information, direct materials, Sales and inventory information and finished goods.

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This is a group-assignment. Each group needs to have 2 to 3 members in it. Please organise yourselves into groups. Please make sure that names and ID numbers of all members are stated on the cover sheet of your submission. As this is a group assignment, each member of the group is awarded the same mark. Working in groups has its pros and cons. I am sure that you will hold constructive and energetic group discussions on the issues at hand. In case of any disagreements, you will be able to resolve them in a democratic and rational way. There will be times when you may have to agree to disagre...

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Question Preview:

This is a group-assignment. Each group needs to have 2 to 3 members in it. Please organise yourselves into groups. Please make sure that names and ID numbers of all members are stated on the cover sheet of your submission. As this is a group assignment, each member of the group is awarded the same mark. Working in groups has its pros and cons. I am sure that you will hold constructive and energetic group discussions on the issues at hand. In case of any disagreements, you will be able to resolve them in a democratic and rational way. There will be times when you may have to agree to disagree with each other. Invariably different group members bring different skills to a project; it is up to you to make the best of it. I believe one can learn a lot by discussing the issues with one’s colleagues. If you happen to find your group members are “not pulling their weight” or there are problems with any member’s commitment, then please try to resolve those issues amongst yourselves. Open and honest communication always helps. If you are unable to Please download the attached file.

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Budget is said to be a planning that the company does in the beginning of the financial year to estimate the various investments, expenses and the costs that are associated with the company Budgets once made give a guideline and instructions to the managers to handle, manage and control the various costs associated with the company. Budgets help the company in achieving its objectives, goals and the business performance targets. Once the budgets are being made by the company then there is no need for the managers and the team to take approvals for the various costs related to the various departmental functions. This essay will discuss on budgeting. It will give a critical review on budgeting. We will first discuss as what exactly is budgeting, how it is being done and why is it important for a company to get involved in the budgeting.

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