One of the basic functions of the budgeting process is Group of answer choices delegating authority. streamlining expenditures. evaluating managerial performance. implementing structural change in a company. all of the above.
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One of the basic functions of the budgeting process is
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- 1. In the studies we have seen Budgeting can be used as a control mechanism in Management. In your views, how can this used a a control mechanism. you may include examples to explain your answers. 2. Budgeting can be an important tool if implemented properly. Identify several positive results when budgets are used properly. Since budgets affect people, identify several negative aspects if budgets are not implemented properly. 3. Super Chicken operates a chain of takeaway chicken shops . The company is operating in a very competitive market , and it is difficult to gain and maintain market share . Management believes it is important to monitor competitors ' actions closely , and to continue to offer new products and special promotions to create high visibility among customers . The management team has recently reviewed its mission which is : - To be a caring and environmentally responsible company , providing fresh and nutritious meals at an affordable price . Required : Consider the…Goal congruence is (CPA Adapted) The desire and the commitment to achieve a specific goal The extent to which individuals have the authority to make decisions O The extent of the attempt to accomplish a specific goal O The sharing of goals by supervisors and subordinatesKen Shilov, manager of the marketing department, tells you that "budgeting simply does not work." He says that he made budgets for his employees and when he reprimanded them for failing to accomplish budget goals, he got unfounded excuses. Suggest how Mr. Shilov could encourage employee cooperation.
- operation managment Hi class, I had to do a bit of research to learn about what these two types of budgets are. I found that zero based budgeting gets its name because it assumes that the budget is build from zero. Or, nothing is carried over from previous years/periods. A benefit of this, is that it forces the team to carefully examine each expense added to the budget, since nothing is carried over from before. Incremental budgeting is very different as it does take into account previous periods to build budgets. By using the previous budget as a base, and making adjustments as needed, it allows for a fluid, "forward-looking budget", as the article put it. Thanks for reading, Angel M. Please respond to this classmates post.With which of the key benefits of budgeting is the 'management by exception' approach most closely associated? A. Co-ordinating activities B. Exercising control C. Promoting forward thinking D. Providing a system of authorisationIf a company's board of directors wants management to maximize shareholders' wealth, should the CEO's compensation be set as a fixed amount or should the compensation depend on how well the firm performs? If it is based on the performance, how should performance be measured?
- Read the following case carefully and answer the questions following it. Bob works hard at his job, but he hasn’t got a raise in a couple of years. He feels he deserves one and he has decided to approach his boss to ask for it. Bob’s boss, Mike, is a “by the numbers” guy. He is very focused on using statistics to judge how productive people are in the company. Bob knows this because he is required to turn in various statistical data to Mike regularly. Moreover, Mike is impulsive and short tempered.Bob is in a dilemma about how to communicate his mind to Mike as a consequence of which he cannot focus on his work. His first instinct is to have a meeting with Mike and tell him about how badly he needs the raise. He was going to tell him how he needs to put away more money for his kids’ college funds and to pay for a new car. But then remembering Mike’s impulsiveness he decides not to ask for a raise at all. a. Describe the communication barriers in the above case study. b. Do you agree…Mr Smith is CFO at a venture-backed tech start-up with revenues of $20 million and approximately80 employees. He has worked at the company for several years, and now reports to Mr Raphael,the company's newly hired CEO.The company had been doing really well, but recently big customers have been placing fewerorders and Mr Raphael is feeling pressure to show growth. This pressure is amplified because thecompany is venture-backed, and the investors expect results. While the company did well in thefirst round of funding, if they don't perform now, they may have trouble with gaining sufficientfunding in the second round, which could mean the end of the company.All of this was on Mr Smith’s mind when Mr Raphael came to him about recording a major orderthat was still under negotiation. The deal had not gone through, although both parties expected tocomplete the deal in the next week. With the current quarter ending in the next few days, includingthis order would give a significant boost to the…Please explain and elaborate the things below: Planning is an essential capacity of the executives. Each capacity of the board depends on arranging. "Planning is the method involved with building up objectives and a reasonable game-plan for accomplishing these objectives." Separate Your Company's Goals. Track Your Goals' Progress. Focus on the Company's Goals. Fabricate Your Company's Support System. Stay Flexible With Your Company's Goals. Watch out for Your Company's End Goal. Acknowledge Your Company's Imperfections.
- There are universally five functions of any business which are Planning, Organizing, Staffing, Directing and Controlling. Among these five functions, the most integral is the Planning function. What are some of the factors that affect the Plannig function. Explain in detail any three of these factors.The basic five functions that every manager must perform include answers planning, organizing, bookkeeping, directing, staffing. planning, directing, organizing, staffing, controlling. planning, financing, bookkeeping, controlling, staffing. planning, organizing, controlling, directing, financing. None of the above include all of the management functions.B2) List all the techniques of Capital Budgeting? You think are relevant today? B3) these techniques are really helpful financial managers B4) Do you think that these techniques can be used in situations like COVID-19