Which types of budgets do managers prefer? Provide 5 reasons why this is the case?
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Which types of budgets do managers prefer? Provide 5 reasons why this is the case?
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Solved in 2 steps
- a.List and briefly discuss 1 advantage and 1 disadvantage of this approach to budget preparation using the context of the example given.5. When developing a budget, an EXTERNAL factor to consider in the planning process is - Group of answer choices - the activities of competitors - development of new product - implementation of employee's retirement plan4. Explain the differences between fixed and flexible budgets and their relevance in evaluating operational performance.
- Which of the following is NOT true of the budgeting process? Question 8 options: Budgeting provides feedback to management to aid in assessing how well it's reaching its goals. Budgets force managers to plan for the future. Budgets force managers to consider relations among operations across the entire value chain. The performance report is prepared as part of the master budget.250 words Define the term "flexible budgeting." Is that term a contradiction. Should a budget be "flexible" or "inflexible"?1. Describe the difference between a static and a flexible budget 2. Outline how often businesses must report GST 3. Describe a method that can be used to evaluate a budget or financial plan.
- Q.Are these budget standards challenging for the department that produces product Z?Compare two of the budget ratios. What are the differences? What are the similarities? Give one example in each budget that would benefit a manager.4. The starting point in preparing a comprehensive budget is - Group of answer choices - the cash budget - a sales forecast - the budgeted income statement