Which database would you select for your budgeting? What are the factors you took into consideration when making this decision? Please discuss.
Q: What is the most effective, Authoritative, or Participative Budgeting or combination of both?
A: Authoritative: Reasonable demands and a high level of attentiveness are features of authoritative…
Q: Why is there so much friction between sales and marketing teams in the CPG world when they are both…
A: CPG - It stands for Consumer Packaged Goods. It's an agency for sales and marketing that focuses on…
Q: In detail, how can you develop an information analysis system?
A: INFORMATION SYSTEM: An information system is an accumulated set of elements used for collecting,…
Q: Use porter's five forces analysis to analyze an industry in which you might like or prefer to work…
A: The SWOT analysis, the PEST analysis and the Porter's Five forces model are the three most commonly…
Q: What should be done based on your analytics analysis? What have you not considered that may make…
A: The organization is assessing two options for delivering the holders to the US. The main option…
Q: Briefly describe the concept of SWOT analysis in general
A: SWOT Strength: In a SWOT study, strengths are the characteristics of an organization that are…
Q: You are a manager, and your direct report is complaining about not being involved in the planning…
A: If you are in a place of authority, you will take grievances/complaints from the personnel that…
Q: What are the importance and limitations of planning as a function of management
A: Planning helps its organization to achieve its goals . The process of planning begins with…
Q: Explain Strategic Management as defined by Mathur and Kenyon (2001) Briefly explained how it can…
A: The strategic purpose of the business accomplishes by dealing the strategic management by setting…
Q: Can you show me a concept map of financial management?
A: FINANCING: Financing is of the crucial business activities that are responsible for providing…
Q: Answer on these two senarios: Senario 1: You have decided to form a new start-up company…
A: As the manager of an iPhone applications developer, you will make three types of financial…
Q: What is the incremental analysis approach?
A: Incremental analysis is a decision-making method used in businesses to identify the actual cost…
Q: What is the budget of jollibee food corporation?
A: Budget of a company is described as a vital part which essential for carrying out various business…
Q: Describe the differences between the industrial organization (I/O) and the resource-based models of…
A: A strategy can be explained as the integration of actions that help in exploiting core competencies…
Q: Why is there a need to conduct business analysis?
A: Business analysis involves a process of identifying the needs of the business,evaluating them and…
Q: Why should the production requirements set forth in the production budget be carefully coordinated…
A: Hello thank you for the question. As per guidelines, we would provide only one answer at a time.…
Q: What are the advantages of planning? Explain briefly the limitations of planning
A: Planning is the key administration work, which includes choosing in advance, what can anyone do,…
Q: Describe at least three benefits that an organization can expect to realize from budgeting.…
A: Below are the three benefits an organization gains from budgeting:
Q: Discuss one benefit and one challenge a manager might face if using Flexible budgeting
A: Flexible budget is is a budget based on estimation, it can change as per requirements. If an…
Q: in helping employees plan their careers? What benefits can companies gain? What are the risks?
A: An organization is a gathering of individuals who cooperate. Associations exist since individuals…
Q: Can you give me a personal SWOT analysis of a colloge student?
A: SWOT (strengths, weaknesses, opportunities, and threats) analysis is an important tool for strategic…
Q: Can Budgeting can be used as an effective substitute for planning?
A: In general terms, planning is all about deciding in advance what needs to be done in order to…
Q: What is the purpose of portfolio analysis how does it benefit today's organization?
A: A Small introduction about Organization When more than one person works together to complete a task,…
Q: What are the things you should consider when resigning from a position?
A: Employees at some point in their career quit from the position, as it helps them to grow, seek new…
Q: Explain the “Balanced Scorecard” concept. In your own words, why is it important for managers to…
A: Performance measurement is the process of gathering information and analyzing it to check the…
Q: What are some potential problems with the top-down and bottom-up budgeting processes? What are some…
A: Developing a plan for how you will actually spend your money is part of the budgeting process. This…
Q: How is studying, categorizing, and understanding different corporate strategies will affect…
A: The entire path a company takes to succeed business success is referred to as corporate strategy. It…
Q: Performing a SWOT analysis allows firms to identify their _________. (fill in the blank)
A: The acronym SWOT refers to strengths, weaknesses, opportunities, and threats used by firms to…
Q: Budgeting
A: Budget is defined as statement for a specific period of time which includes revenues, expenses,…
Q: Define planning, Discuss briefly its importance, List out five steps in the planning process…
A: Planning in an organization is a management process, aimed at setting objectives for the company's…
Q: How are they different from each other? When are they used? Pretend that you are a Data Analyst in a…
A: Descriptive Analytics tells you what happened in the past. Predictive Analytics predicts what is…
Q: How to distinguish if the financial manager is effective or not?
A: Any organization, regardless of whether it's a humble community pastry kitchen or General Motors,…
Q: Why should the production requirements set forth in the production budget be carefully coordinated…
A: A Production Budget can be defines as a financial plan which aims to forecast what level of…
Q: Why is estimating operation and implementation costs in budgeting important?
A: Budgeting - Budgeting is a method of making a plan for how you will spend your own money. A. Making…
Q: Why is brainstorming helpful in engineering financial decisions? What are some tools that are…
A: Decision making is a process of choosing the best options among the alternatives available. It has…
Q: what is budget preparation?
A: The planning stage involves planning regarding manufacturing, financing, and marketing activities of…
Q: How would you encourage the Sales Department or Catering Department to improve? What data would you…
A: Below is the solution:-
Q: A fire destroyed a large percentage of the financial records of the Carter Health System. You have…
A: Net income = profit margin * sales = 5.4% * 4 million = 0.216 million Equity = total assets - debt =…
Q: Describe at least three advantages that budgeting can bring to an organisation. (Adapted from the…
A: The three benefits of budgeting for a business are as follows: 2nd Step
Which database would you select for your budgeting? What are the factors you took into consideration when making this decision? Please discuss.
Step by step
Solved in 2 steps
- Can Budgeting can be used as an effective substitute for planning?What is the most effective, Authoritative, or Participative Budgeting or combination of both? WHy?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…
- Descriptive, Prescriptive, and Predictive Analytics, are methods used to determine outcomes for businesses. How are they different from each other? When are they used? Pretend that you are a Data Analyst in a company, how would you apply or used some of these methods?Which is more important- planning or controlling? How are they different? What is a break-even point? How is an organization's financial planning and control similar to your personal budget process?Please no written by hand solutions What are the various ways of measuring the performance of an organization so that it can be tied to budget allocation?
- Read the following case and do the tasks below You are a general director for XYZ private hospital in Amman, and the hospital is not doing well at the moment due to many problems. You need to borrow money from Bank and you recognize that they will ask for SWOT analysis and a brief report to convince them that you know what you are doing Use the following facts in your analysis: Facts: - The Hospital location is very close to Amman Mall - One major private hospital in Amman will leave the industry - 30% annual growth in the market by 2022. - Large empty land is owned by the hospital. - Workers laws are flexible concerning employing foreign workforce. - 7% reduction in training cost by 2020 - There are a new shopping centers is being built next to the hospital - Covid-19 is expected to continue for the few coming years. - Four star hotel is being built next to the hospital - Your current customers complain that is always difficult to find a transportation by the hospital - The hospital…https://youtu.be/C0UOvhnIqxE which outlines management decisions based on an organization's focus on either profitability or liquidity? Why are these important goals seemingly at odds? Under what circumstances might one be more important than the other?How would you encourage the Sales Department or Catering Department to improve? What data would you track and review to control budgets and objectives?
- Why should the production requirements set forth in the production budget be carefully coordinated with the sales budget? What is participative budgeting? Discuss some of its advantages. Why is it important for a manager to receive frequent feedback on his or her performance?You are a manager, and your direct report is complaining about not being involved in the planningprocess. How do you respond?Why should the production requirements set forth in the production budget be carefully coordinated with the sales budget? What is participative budgeting?