Question: How are budgets useful for motivation?

How are budgets useful for motivation?

Step by Step Solution

★★★★★

3.25 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Budgets present specific measurabl... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Financial Management Public Questions!

Q:

How are flexible budgets useful in controlling costs?

Q:

Companies usually prepare annual division- and company-wide budgets that show projected monthly results, such as: sales cost of sales, inventory levels, cash on hand, and other key data. Such budgets...

Q:

1. Which is more useful for evaluating motivation: expectancy theory or equity theory? a) Explain both sides of this argument. Provide a persuasive argument for both sides of the argument; b) Select...

Q:

What are the different types of budgets? How are budgets useful for motivation? How does the basis of accounting affect what is in the budget? Describe each one: Line-Item Budget Program Budget...

Q:

What are the different types of budgets? How are budgets useful for motivation? How does the basis of accounting affect what is in the budget?

Q:

Conflicting role in budgeting for operations A senior design engineer for a large American automobile manufacturer recently complained to one of his colleagues. "Those marketing guys want everything....

Q:

Useful Art Inc. Required: Prepare the following MONTHLY budgets: Sales budget for the 2 quarters ending June 3 0 , 2 0 2 6 Production budget for the quarter ending March 3 1 , 2 0 2 6 Direct...

Q:

How do budgets help with motivation? How might budgets discourage motivation.

Q:

can you solve all the quistions 1 Why are budgets useful in the planning process? They provide management with information about the company's past performance b. They help communicate goals and...

Q:

Which one of the following is not a benefit of budgeting? A.It provides assurance that the company will achieve its objectives. B.It provides definite objectives for evaluating performance. C.It...

Q:

Using code from repl.it create a more robust MyVector class that will include more functionality. You will achieve this by writing additional methods to add values, remove values, and maintain sorted...

Q:

Vertically polarized microwaves traveling into the page are directed at each of three metal plates (a, b, c) that have parallel slots cut in them. (a) Which plate transmits microwaves best? (b) Which...

Q:

Unlke short - term contracts, long - term contracts encourage firms to make investments transaction - non - specific integrated ahernative umbrella Transaction - specific

Q:

7 Why is the personal interview often called the most important step in the hiring process?

Q:

A board sets aside resources to earn investment income to support general operations. Would the resources set aside be recorded in a fund with donor restrictions or a fund without donor restrictions?...

Q:

Suppose the not-for-profit Bring the Noise, which supports local musicians, received the voluntary services of two accountants who are CPAs. One accountant donated her time maintaining the general...

Q:

Suppose Searing School District provides paid time off (PTO) to its employees, and unused PTO may be transferred to the next fiscal year. During the year, employees earned $100,000 of PTO and carried...

Q:

Since it is too difficult to project young businesses' financial statements, they no longer conduct short-term financial forecasts. a) True b) False The prime rate is the interest rate charged by...

Q:

The following are debts in disguise except: I) accounts payable II) leases III) underfunded pensions

Q:

(a) Construct frequency and relative frequency distributions. (Round to the nearest integer as needed.) Class Limits Frequency f Relative Frequency i Data Table 21-25 % 26-30 % Full data set 31-35 %...