Budgeting has a number of different purposes including: Planning; Control; Performance evaluation; Motivation. Some managers believe that zero-based budget is more beneficial than other types of the budget for firms.’ Required: Critically discuss the above statement with reference to academic literature. In your discussion, you should refer to the budgeting systems you learned in this module.

Q: "Budgeted performance is a better criterion than past performance for judging managers."   Do you…

A: For judging the current performance  we need a benchmark against which we can see and compare and…

Q: Benefits of Budgeting include all of the following EXCEPT: A) Promotes analysis of results B)…

A: Budgeting is the process of creating a strong plan to spend the funds of the organization. budgets…

Q: 4. The following are characteristics of an effective budget, EXCEPT: A. Goals should be attainable.…

A: Hi student Since there are multiple question, we will answer only first question.

Q: Define the terms relative-performance (relative-improvement) contract and rolling financial…

A: Relative performance: It is related to the evaluation of the performance of an individual based on…

Q: ‘Budgeting has a number of different purposes including: Planning; Control; Performance evaluation;…

A: A budgeting system helps an organization to plan and decide the amount to be spent in a particular…

Q: gets are related to the following management fuctions, except Performance evaluation…

A: Step 1 Budgeting to plan and manage your finances. If you write down on paper or a computer, you can…

Q: Which of the following is not a benefit of budgeting? a. It sets some standards to evaluate…

A: Budgeting is defined as the procedure of planning the manner in which the work to be conducted and…

Q: Which of the following statements is incorrect? * O An imposed budget is the same as a participative…

A: Answer: Budget is the statement that is prepared for revenue and expenses as an estimation made by…

Q: Since budgets affect many people in an organization, they can have significant behavioural…

A: Budgetary slack: The difference in the expected and the budgeted revenue/ expenditure is planned in…

Q: Which among the following is not an element of budgeting? a. Budgeting should state the firm’s…

A: Budgets are prepared on weekly, monthly, or yearly basis to make plans for the future which needs to…

Q: Budgets

A: following statements is true.

Q: There are a number of benefits associated with budgeting. Which of the following is not frequently…

A: Budgeting refers to the process of estimation of revenues and expenses for an entity over a specific…

Q: “The difference between practical capacity and master-budget capacity utilization is the best…

A: Practical Capacity:Companies adjust the theoretical capacity based on the potential disruptions like…

Q: The first step of the budget process is: plan direct control feedback Static budget are often used…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: It is important for institutions to budget and to further have feedback by receiving regular…

A: “Since you have asked multiple questions, we will solve the one question for you. If you want any…

Q: 1(a)  "Accounting plays a relatively unimportant role in budgeting." Do you agree? Explain.  (b)…

A: 1 (a) “Accounting plays a relatively unimportant role in budgeting” this statement is not correct…

Q: Help question 11

A: A budget means a financial plan. Budgeting is a process to prepare and communicate certain broad…

Q: Which of the following is true of a budget? O A. Budgets help managers to revise their plans and…

A: Introduction: Budget: Budget means an estimation for future period with past period data. Branches…

Q: "budget performance is a better criterion than past performance for judging managers." Do you agree?…

A: The budget is a statement in which the estimated standards are set according to the needs of the…

Q: Discuss the factors that are likely to cause managers to submit budget estimates of sales and costs…

A: Creating an extra gap in the budget is known as budgetary slack which refers to knowingly…

Q: What are some challenges and weaknesses that a firm may find in the budgeting process?

A: The lack of proper monitoring and review, lack of clear policy and procedures on budgets, poor…

Q: Briefly describe the type od human behavior problems that might arise if budget goals are set too…

A: Budgeting is defined as the process or procedure, which used to prepare the plan regarding the…

Q: indicate yes if it describes a potential benefit of budgeting orno if it describes a potential…

A:

Q: 'Budgeting has a number of different purposes including: Planning; Control; Performance evaluation;…

A: The purpose or motive of budgeting in business management has three aspects: Forecasting the…

Q: Discuss the factors that are likely to cause managers to submit budget estimates of sales and costs…

A: Budget: Budget is an effective tool to achieve the financial and operational goals of the business.…

Q: 'Budgeting has a number of different purposes including: Planning; Control; Performance evaluation;…

A: Budgeting is a process to prepare the financial statement by the manager to estimate the…

Q: “Budgeted performance is a better criterion than past performance for judging managers.” Do you…

A:

Q: Why is it important to have a fair, balance criteria in making budge

A: Budgeting model is the model which establish the budget for business where it match the actual…

Q: Focusing on improving the activities that are showing significant differences between budgeted and…

A: Management by Exception is a management strategy which focuses only on the deviations of actuals…

Q: Why does a company's budget need to be closely linked to the needs of good strategy execution? Why…

A: Because insufficient cash and other forms of resources hamper development and inhibit organisational…

Q: Why do successful companies tend to use the bottom-up approach to establish a master budget?

A: The bottom-up approach increases the efficiency and productivity of the employees as the budget is…

Q: 2 Which of the following items does not follow from the adoption of a budget? a. Deterrent to waste…

A: Financial statements are statements which states the business activities performed by the company .…

Q: Why is flexibility very important for PFG’s budgeting system to be effective?

A: PFG stands for Penn Fuel Gas, Inc. It is a public utility holding company selling natural gas,…

Q: the advantages of

A: Participative Budgeting Participative budgeting is a budgeting process in which the people who are…

Q: Which of the following is true of budgeting? a.Budgeting relies on the control cycle to design the…

A: Introduction: Budgeting: Budgeting is an planning or an estimation for the future. Types of budgets:…

Q: budget performance is abetter critical than past performance for judging managers" do you agree…

A: For judging the current performance  we need a benchmark against which we can see and compare and…

Q: (3) Explain the ethical considerations as it relates to using budgets as a basis for rewarding…

A: 3)   Using budgets as a basis for rewarding managers can lead to conflict of interest. The managers,…

Q: Which of the following is not an advantage of participative budgeting?a. It encourages budgetary…

A: Participatory budgeting involves lower-level management personnel in the creation of the budget.…