Budgeting lies at the foundation of every financial plan. It doesn't matter if you're living paycheck...

 

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Budgeting lies at the foundation of every financial plan. It doesn't matter if you're living paycheck to paycheck or earning six-figures a year, you need to know where your money is going if you want to have a handle on your finances. Unlike what you might believe, budgeting isn't all about restricting what you spend money on and cutting out all the fun in your life. It's really about understanding how much money you have, where it goes, and then planning how to best allocate those funds. Here's everything you need to help you create and maintain a budget. Required: a. Critically discuss the benefits and limitations of using budgets for strategic management purposes, with exploring some potentially adverse consequences of the budget process b. The division manager of Orange Corporation submit capital investment proposal each year for evaluation at the corporate level. Mr. Raed Salem, the manager of Orange's commercial construction, often uses all capital available, adopting the view "we had better spend it or we will lose it". Comment on Mr. Salem's' decision. (300 words) C. Discuss the ethical challenges in budgeting. Budgeting lies at the foundation of every financial plan. It doesn't matter if you're living paycheck to paycheck or earning six-figures a year, you need to know where your money is going if you want to have a handle on your finances. Unlike what you might believe, budgeting isn't all about restricting what you spend money on and cutting out all the fun in your life. It's really about understanding how much money you have, where it goes, and then planning how to best allocate those funds. Here's everything you need to help you create and maintain a budget. Required: a. Critically discuss the benefits and limitations of using budgets for strategic management purposes, with exploring some potentially adverse consequences of the budget process b. The division manager of Orange Corporation submit capital investment proposal each year for evaluation at the corporate level. Mr. Raed Salem, the manager of Orange's commercial construction, often uses all capital available, adopting the view "we had better spend it or we will lose it". Comment on Mr. Salem's' decision. (300 words) C. Discuss the ethical challenges in budgeting.

Answer rating: 100% (QA)

Answer A Advantages of budgets for strategic management reason Principles of execution Budgets work ... View the full answer