Do managers generally understand finance and budgeting, Microeconomics

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Do managers generally understand finance and budgeting

Question: Do managers generally understand finance and budgeting? Where do they get their training? Do some managers ignore it? Why? Should departmental managers push for higher departmental budgets when an organization is losing resources? Will pushing for higher budgets jeopardize one's job? How can information from last year's budget be effectively used to improve the upcoming year's budget?

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