What is a budget contingency and what are three reasons it might be useful?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 1Q: What is a budget and what are the different types of budgets?
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What is a budget contingency and what are three reasons it might be useful?

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