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Business, 21.06.2019 16:10 AeelynRamos

The board of directors is concerned that the budget committee has fallen into the practice of applying a flat 3% growth to the prior year performance, placing too much emphasis on the past and not focusing on the future opportunities and related activities required to achieve them. the board would like the committee to take a different approach: evaluate the activities needed to meet the strategic goals of the company and allocate resources accordingly, requiring management to justify each function and associated costs. which budget methodology is the board recommending?

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