A ______ represents a state of control. On the other hand, a ______ represents events over which no control can be exercised.

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KollegeApply · Accepted Answer

A budget represents a state of control. On the other hand, a forecast represents events over which no control can be exercised. Explanation: A budget is a planned, approved statement that sets targets and is used to exercise control over operations; a forecast merely estimates probable future events and does not provide the same control over outcomes.

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