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Unformatted text preview: t the current and future dynamics of economic activity ­Shift from agrarian to industrial economy ­Shift from industrial to service economy ­Capital, Expense & Operating Budgets Capital budgeting • A capital expenditure budget is a tool that specifies the amount of money to spend on specific items that have long­term use and require significant amounts of money Expense budgeting • An expense budget is a budget that includes all primary activities on which a unit or organization plans to spend...
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This document was uploaded on 04/08/2014.

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