Is it better for managers to be pessimistic or optimistic when preparing a budget? Explain your reasoning.

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Cost Management Measuring Monitoring and Motivating Performance

ISBN: 978-0470769423

2nd edition

Authors: Leslie G. Eldenburg, Susan K. Wolcott

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Question Posted: Jan 26, 2015 02:10 AM

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Is it better for managers to be pessimistic or optimistic when preparing a budget? Explain your reasoning.

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Ideally managers should be realistic when preparing a budget A pessimistic manager might unde...View the full answer

Cost Management Measuring Monitoring and Motivating Performance

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