1. Which of the following are reasons to involve managers in the budgeting process? (Select all the answers that apply) Managers know their business areas best
Budget goals will be used to measure each manager's performance
Doing so may increase their motivation to achieve the budget
Involving them helps managers get invested in achieving the budgeted goals
The budgeting process is quicker when we involve each manager in the process
2.
What is normally the foundation of the entire budget plan?
(pick one answer)
Group of answer choices
the capital expenditures forecast
the cash summary budget
the sales budget
the manufacturing budget
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1. Which of the following are reasons to involve managers in the budgeting process? (Select all the answers that apply) |
Budget goals will be used to measure each manager's performance |
Involving them helps managers get invested in achieving the budgeted goals |
The budgeting process is quicker when we involve each manager in the process |
What is normally the foundation of the entire budget plan? |
the sales budget |
1. Which of the following are reasons to involve managers in the budgeting process? (Select all...
Which of the following are reasons to involve managers in the budgeting process? (Select all the answers that apply) Managers know their business areas best The budgeting process is quicker when we involve each manager in the process Budget goals will be used to measure each manager's performance Doing so may increase their motivation to achieve the budget Involving them helps managers get invested in achieving the budgeted goals What is normally the foundation of...
The budgeting process does not involve which of the following activities? a. Execution of plans to achieve goals. b. Specific goals are established. c. Periodic comparison of actual results to goals. d. Increase in sales by increasing marketing efforts.
41. The budget process involves doing all of the following except A. executing plans to achieve the goals B. firing all managers who fail to achieve operational goals specified in the budget C. periodically comparing actual results with the goals D. establishing specific goals 42. The process of developing budget estimates by requiring all levels of management to estimate sales, production, and other operating data as though operations were being initiated for...
Breve than ot try to KEY TERMS TED on into food and are compon planned and actual expenditures Test your recall of the assistance. If you need 1. Ain) BUDEL 2. Ain) convenis provides mor e 3. The usually involving at least five years. need as farms as follows. Try to recall as many key terms as possible without assistance, refer to the list of the terms at the end of this section is a plan of action expressed in...
A budget is a plan by an individual or company for spending it resources which is based on experience and future expectation of the project or business (Hilton, 2016). There are various types of budget like cash budget, performance budget, sales budget, production budgets, planning budgets, capital budgets etc. I work in multifamily property management and we use a Participative budgeting. With multifamily properties there are different costs that are associated, and the participative budgeting allows employees in the company...
0. A company developed a standard cost for overhead. Which of the following involves standard development procedures that are similar to developing overhead standard costs? a. predetermined overhead rates b. Budgeted direct labor costs c. standard costs for materials d. total number of units to be produced 11. Which of the following may be cause an unfavorable material variance? 1. more material was used than planned 2. A company paid a higher price for materials than expected 3. More materials...
write up an essay on the problems in budgeting derived from the articles (i do Upvote the answers ) Why Budgeting Kills Your Company HBSWK Pub. Date: Aug '1 1, 2003 Why doesn't the budget process work? Read what experts say about not only changing your budgeting process, but whether your company should dispense with budgets entirely. by Loren Gary The average billion-dollar company spends as many as 25,000 person-days per year putting together the budget. If this all paid...
What an Executive Summary Is An executive summary is a specific type of document that does two things: it summarizes a research article, and it offers recommendations as to how information from the article can be used. Some long reports can contain an executive summary section, as indicated in the Pearson handbook. Write a 2 pahe Executive Summary In business contexts, an executive summary is always written for a specific purpose: to explain the information in the article to a...
5. All of the following are true about projects and operations EXCEPT: A Operations are ongoing endeavours that produce repetitive outputs, with resources assigned to do basically the same set of tasks according to the standards institutionalzed in a product life cycle, whereas projects are temporary endeavours Projects require project management activities and skill sets, whereas operations require business process management, operations management activities, and skill sets. Projects can intersect with operations at various points during the product life cycle....
I need help with my very last assignment of this term PLEASE!!, and here are the instructions: After reading Chapter Two, “Keys to Successful IT Governance,” from Roger Kroft and Guy Scalzi’s book entitled, IT Governance in Hospitals and Health Systems, please refer to the following assignment instructions below. This chapter consists of interviews with executives identifying mistakes that are made when governing healthcare information technology (IT). The chapter is broken down into subheadings listing areas of importance to understand...