If budget performance is overemphasized, myopic behavior can occur where a manager takes actions that improve budgetary
Question:
a. Give at least two examples of myopic behavior that might be encouraged if there is an overemphasis on budgets as a performance measure.
b. Discuss ways to discourage or prevent myopic behavior in managers
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (17 reviews)
a 1 Setting budgets that are either too high or too low If goals are too easily achieved ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324597707
12th edition
Authors: Eugene F. Brigham, Joel F. Houston
Question Posted:
Students also viewed these Finance questions
-
Give at least two examples of things that you can do as an individual to promote environmental sustainability.
-
Give at least two examples of asset-backed securities.
-
Give two examples of why a project might be terminated early for cause and two examples of why a project might be terminated early for convenience.
-
Find a and b if, y= ax+b has mean 6 and variance is unity, where x is a random variable with mean 8 and variance 16.
-
A magnetic amplifier is encased in a cubical box 15 cm on a side and must dissipate 50 W to surrounding air at 20oC. Estimate the surface temperature of the box.
-
Chevron Corp is expected to be $109 next year and the expected dividend at the end of next year is $0,85. If the company required return on equity is 12.3%, then what is the value of Chevron Corp's...
-
Prove that $R^{2}$ is the square of the correlation between $\mathbf{y}$ and $\hat{\mathbf{y}}$.
-
You have been hired by a group of hotel owners, restaurant owners, and other people engaged in businesses that benefit from tourism on South Padre Island, Texas. They wish to learn how they can...
-
Soccer Co . Soccer Co . has a group of companies operating within NSW . Payrolls for the month of August for each company are as follows: Soccer Importer $ 1 7 5 , 0 0 0 Soccer Holdings $ 1 1 8 , 0 0...
-
At December 31, 2008, Sycamore International Foods reported the following information on its balance sheet: Accounts receivable ..................$1,020,000 Less: Allowance for doubtful accounts...
-
Bravo Company uses a predetermined overhead rate to apply manufacturing overhead to production. The rate is based on direct labor hours. Beginning of the year estimates for the year just ended were...
-
John Baron, a professional baseball player, raises Black Angus cattle under circumstances that would indicate that the activity is a hobby. His adjusted gross income for the year is $50,000, and he...
-
Michael Wright, Kyle Wright, and William Wright are farmers. Michael and Kyle are Brothers and William is their father. All three farmers have cattle ranches and William has a grain operation. Each...
-
Suppose residents of the Euro area consume relatively more of Eurozone countries export goods than residents of foreign countries. In other words, Eurozone countries export goods have a higher weight...
-
Marian Plunket owns her own business and is considering an investment. If she undertakes the investment, it will pay $40,000 at the end of each of the next three years. The opportunity requires an...
-
In 2015, the Canadian government intended to adopt a balance budget act requiring the government to maintain a balanced budget at all times. Hence, if the government wishes to change government...
-
You have been offered a unique investment opportunity. If you invest $20,000 today, you will receive $1000 one year from now, $3000 two years from now, and $20,000 ten years from now. a. What is the...
-
You run a construction firm. You have just won a contract to build a government office building. Building it will require an investment of $10.3 million today and $5.3 million in one year. The...
-
In an interview with a manager in a declining industry, the manager talked of his fear that so many individuals would be made redundant that the organization would become anorexicthat is, too thin to...
-
Suppose the S&P 500 futures price is 1000, = 30%, r = 5%, = 5%, T = 1, and n = 3. a. What are the prices of European calls and puts for K = $1000? Why do you find the prices to be equal? b. What...
-
Verify that the standard half-cell potentials reported in Table 9.1 for the reactions between cupric, cuprous, and solid copper and Cu+e Cut, Cu+ + 2 e Cu,
-
Cumberland, Inc., purchased the following available-for-sale securities during 2012, its first year of operations: The market price per share for the available-for-sale security portfolio on December...
-
During 2012, its first year of operation, Newton Company purchased two available-for-sale investments as follows: Assume that as of December 31, 2012, the Starlight Products, Inc., stock had a market...
-
During 2012, Norcross Corporation held a portfolio of available-for-sale securities having a cost of $175,000. There were no purchases or sales of investments during the year. The market values at...
-
Jamie Lee is attracted to the low monthly payment advertised for a vehicle lease. She may well be able to afford a more expensive car than she originally thought. Jamie Lee really needs to think this...
-
Explain virtual hosting and how to use either name-based or IP-based virtual hosting.?
-
Discuss the role of literary allusion in satire as a means of subverting conventions and critiquing societal norms.
Study smarter with the SolutionInn App