What are some limitations of the budgeting process?

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Watch the following video, and then answer the questions below (tutor2u, 2019): https://www.youtube.com/watch?v=uyK_Dv9Bmb4

What is the function of a budget?
What are budgets used for?
What are the three main types of budgets?
Detail the steps in the budget process.
What are some limitations of the budgeting process?

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