Question

In: Accounting

a) Explain the difference between the capital budget and operating budget for an organization, and provide...

a) Explain the difference between the capital budget and operating budget for an organization, and provide an example of at least one expense that would likely be included in each of these two separate budgets.

b) Explain the difference between the incremental budgeting approach and the zero-based budgeting approach, and include a discussion of the relative advantages and disadvantages of each of these two methodologies.

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