Budgets refers to shorter-term guidelines regarding investment,cash,and personnel policies,while plans refers to formalized plans with more than a one-year horizon.

Name: Budgets refers to shorter-term guidelines regarding investment,cash,and personnel policies,while plans refers to formalized plans with more than a one-year horizon.
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Budgets usually cover shorter time frames, such as a fiscal year, while plans are strategic in nature and cover a longer period, such as 3-5 years.

Budgets Refers to Shorter-Term Guidelines Regarding Investment,cash,and Personnel Policies,while Plans