The implementation of budgeting in a world-class manufacturing environment may be affected by the…

The implementation of budgeting in a world-class manufacturing environment may be affected by the impact of (I) a total quality ethos (ii) an activity-based focus and (iii) a just-in-time philosophy. Describe the principles incorporated in each and discuss ways in which each may result in changes in the way budgets are prepared as compared to a traditional incremental budgeting system

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