Question: after reading Lee.,T.M., and Plummer E., 2007, Budget Adjustments in Response to Spending variances: Evidence of Ratcheting of local government expenditures. Journal of Management Accounting

after reading Lee.,T.M., and Plummer E., 2007, Budget Adjustments in Response to Spending variances: Evidence of Ratcheting of local government expenditures. Journal of Management Accounting Research, Vol. 19: 137-167

Ratcheting in budgeting. 1. What is ratcheting and How does ratcheting take place in budgeting, for businesses and non-business organizations respectively? 2. Why do budget participants ratchet? 3. Is ratcheting beneficial or harmful to the organization? Explain your answer, making a distinction between businesses and non-businesses 4. How may one manage or influence ratcheting towards organizational success? Your answer should distinguish between businesses and non-business organizations.

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