Firms use budgets as a benchmark for performance evaluation, especially in large organizations. Since close supervision may

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Firms use budgets as a benchmark for performance evaluation, especially in large organizations. Since close supervision may not be possible in such organizations, is this role of budgets simply a substitute for close supervision? Comment.

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Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

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Question Posted: Feb 20, 2013 09:30 AM

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Firms use budgets as a benchmark for performance evaluation, especially in large organizations. Since close supervision may

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Managerial accounting

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