Understanding Management
Understanding Management
11th Edition
ISBN: 9780357033821
Author: Richard Daft
Publisher: South Western Educational Publishing
Question
Book Icon
Chapter 15, Problem 12AYSSL
Summary Introduction

To determine:

The way by which one manages his budget, being a student.

Introduction:

Budgetary control is the most frequently used methods of managerial control. One has to set some targets for the expenditures for a period by taking into account of the income too. The results of the method must be monitored so that a flaw in the current budgetary plan may be rectified in the future. In an organization, a budget is created separately for various departments based on the requirements for each department.

Blurred answer
Students have asked these similar questions
Effective financial management is dependent upon a trustworthy budgeting system.Discuss budget in nursing under the following headings: (Provide practical examples)1.1 Operational budget 1.2 Budgeting process on estimation of future supply needs 1.3 Budgeting process on estimation of staffing needs
Please answer all the question in details within 30 minutes. make sure all the questions are answered else i will give negative ratings.
Explain in your own words the advantages of “Balanced scorecard” as a strategy performance management tool or a structured report that can be used by managers to keep track of the execution of strategies.
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Text book image
Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning