Outline two drawbacks of budgeting that might be encountered by managers.
Question:
Outline two drawbacks of budgeting that might be encountered by managers.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
Budgeting is a widely used financial planning and control tool in organizations However like any management tool it has its drawbacks Here are two dra...View the full answer
Answered By
Owino Otieno
My proficiency as a tutor lies in my ability to understand and respond to questions, provide explanations, and offer detailed information on various topics. I can help with academic subjects such as mathematics, science, history, literature, and more. I can also provide assistance with writing, proofreading, and language learning.
I am capable of adapting to different learning styles and can present information in a clear and concise manner. I can break down complex concepts into simpler terms, provide examples and illustrations, and engage in interactive discussions to enhance the learning experience. Additionally, I can offer guidance on problem-solving strategies, critical thinking, and exam preparation.
0.00
0 Reviews
10+ Question Solved
Related Book For
Cambridge International AS And A Level Accounting
ISBN: 9781444181432
1st Edition
Authors: Ian Harrison
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
A U.S. dollar-based investor buys shares in a Brazilian exchange-traded fund in local currency on January 12 that replicates the Bovespa (the Sao Paulo stock market index). The Bovespa is trading at...
-
What possible problems might be encountered by a domestic research company in conducting an international research study?
-
Jane Doe is single and claims 2 withholding allowances. If her weekly gross earning is $1,450, then determine the Federal Withholding Tax.
-
The following table shows the total costs and total benefits in billions for four different antipollution programs of increasing scope. Which program should be undertaken?Why? Program Total Cost...
-
Colleges Listed below are the annual tuition amounts of the 10 most expensive colleges in the United States for a recent year. The colleges listed in order are Sarah Lawrence, NYU, George Washington,...
-
Andy applies for a custodial supervisor position with a school district in Texas. The job description states that a preferred qualification is that the candidate be fluent in both English and Spanish...
-
Prior to the distribution of cash to the partners, the accounts in the VUP Company are: Cash $24,000; Vogel, Capital (Cr.) $17,000; Utech, Capital (Cr.) $15,000; and Pena, Capital (Dr.) $8,000. The...
-
You can find this question from Excel worksheet "poison pill question". Twilight has 1,000,000 shares outstanding, and the current stock price is $25 per share. Yesterday, Activist Apollo made a...
-
The Companies Act 1985 requires that all limited companies must prepare budgets and distribute them to all shareholders. True/False?
-
Outline two advantages that managers of a business would hope to achieve by preparing budgets.
-
A child applies the brakes on a bicycle by applying a downward force of 20 pounds on the pedal when the crank makes a 40 angle with the horizontal (see figure). The crank is 6 inches in length. Find...
-
1. Retail Store sends out an email to all of its customers stating, Free tote bag and 30% off everything that fits in it, to the first 50 customers! Is this an offer or just an advertisement? What...
-
How does Apple's Daily Working Capital (DWC) compare to competitors such as HP, Microsoft, and Samsung? Why is comparing this ratio to the industry average important? Explain how a well-managed...
-
(a) What is an electric field? (b) What are electric field lines? (c) How does the electric field lines of a positive charge differ from that of a negative charge?
-
Consider a two-year maturity inverse floating-rate bond. Its coupon reset formula is 10%o-libor. Its discount rate is LIBOR+2%. Now it is at t=0 (this bond was just issued). The current LIBOR is 3%...
-
Provide an overview of the key metrics NPV, IRR, MIRR, PI, and Paybacks. How are they used and which metrics are better under what conditions? What is the difference between using these metrics on...
-
Barries Bakery makes desserts for local restaurants. Each pan of gourmet bars requires 750 g of flour, 125 mL chopped pecans, 60 mL cocoa, 250 g sugar, 125 mL chocolate chips, 3 eggs, and 85 mL oil....
-
On March 31, 2018, Gardner Corporation received authorization to issue $30,000 of 9 percent, 30-year bonds payable. The bonds pay interest on March 31 and September 30. The entire issue was dated...
-
What are the most important tools and technologies for safeguarding information resources? a) Name and describe three authentication methods. b) Describe the roles of firewalls, intrusion detection...
-
How do enterprise systems help businesses achieve operational excellence? a. Define an enterprise system and explain how enterprise software works. b. Describe how enterprise systems provide value...
-
How do supply chain management systems coordinate planning, production, and logistics with suppliers? a) Define a supply chain and identify each of its components. b) Explain how supply chain...
-
[7 marks] A container's temperature is measured by a sensor and the measurement is a digital value connected to port A. Write a program to turn the RGB LED on to light red when the temperature is...
-
2. Consider the following grammar for arithmetic expressions. SE ETE+T|E-T-T F|TF|T/F T F (E)|i Using top-down parsing, find a leftmost derivation in this grammar for the expression i/ii. Show your...
-
In 2011 you invested $60,000 in common stocks. You observed the value of portfolio is $120,000 in 2019. What is the annual rate of return?
Study smarter with the SolutionInn App