The Museum of New Art traditionally offers a new exhibit each month, in addition to its permanent…

The Museum of New Art traditionally offers a new exhibit each month, in addition to its permanent collection. Mary Moser, the new museum director, has found that the number of exhibits must be reduced because of financial constraints. The museum has always used a line- item budget, but Mary has asked for a program budget for each of the proposed exhibits for the coming year. Explain the difference between the line- item and program budget, and why Mary wants the latter.

The Museum of New Art traditionally offers a new exhibit

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