would you recommend the use of traditional budgeting for contemporary organisations for planning and control purpose?Explain (500

Fantastic news! We've Found the answer you've been seeking!

Question:

would you recommend the use of traditional budgeting for contemporary organisations for planning and control purpose?Explain (500 words)

Related Book For answer-question

Economics of Money Banking and Financial Markets

ISBN: 978-0134733821

12th edition

Authors: Frederic S. Mishkin

See More Books

Posted Date: May 24, 2020 02:16 AM

See More Questions

Would you recommend the adoption of a system of deposit insurance, like the FDIC in the United States, in a country with weak institutions, prevalent corruption, and ineffective regulation of the...
Planning and budgeting processes are notorious for their rigidity and irrelevance to management action. How can planning be made relevant to the challenges facing a business?
Explain zero-based budgeting and how it differs from the traditional approach to preparing next years budget.
This question is optional and will not be graded. We are interested in examining factors determining women's labor force participation. Use the data set mroz. dta and the do file ps5.2. do to answer...
Graph each pair of parametric equations on your calculator. Sketch the result and use arrows to indicate the direction of increasing t-values along the graph. Limit your t-values as indicated, or, if...
Which of these is not listed in the chapter as one of the potential disadvantages of virtual teams? a. Missing out on the random interactions that co-located teams experience b. The sense of...
Determine the quality of steam for the following cases: (i) $P=10$ bar, $v=0.180 \mathrm{~m}^{3} / \mathrm{k}$ (ii) $P=10$ bar, $t=200^{\circ} \mathrm{C}$ (iii) \(P=25 \mathrm{bar}, h=2,750...
Consider the example presented in Figure 4.3. Compute the annual loss in consumer surplus for the price increase from $1.25 to $1.75. a. Assume a linear demand curve as per equation (4.7) b. Assume a...
Identify the two modes of tax classifications and their respective tax systems in most open economies? Discuss the economic implications of the above (5a) tax systems in developing economies
1. Identify the potential strategic advantages and disadvantages for BOP in outsourcing the boat logistics service to Logistics-Offshore. Explain the strategic implications of each. 2. Identify the...
Mrs Sarah who is an active investor decides to invest 57% of her total wealth in Stock A and the remaining in Stock B. Standard Deviation Securities Stock A Return 0.40 0.10 Stock B 0.50 0.13 The...
In the context of healthcare, how can transparency initiatives improve patient outcomes, promote informed consent, and foster greater collaboration between healthcare providers, researchers, and...
A $2.2 million contract has a 10% Advance payment, amortized at 25%, and a retention of 6%. The Contractor had completed a cumulative value of $604,000 worth of work on the project up to the previous...
Students may wish to refer to the chapters on the introduction to the revenue cycle and patient encounter and billing information in this workbook for a review of math for the following problems. 1....
Kruger merges into Stoopco Delaware law. Prior to the merger, Kruger's assets were worth 5 million with the basis of $3,200,000 Krugers has two shareholders Lawn: 85% ownership and Barber:15%. Lawn...
discuss the role of transparency in fostering trust and legitimacy within multinational organizations operating in culturally diverse environments?
Solve the equation Ax=b using "linalg.solve", where: [[ 1 3 -4] [0 6 8] A = [-4-2 13]] and b = [55 44 33] Hint: Solve for x Create a zero (5*5) array (x) and perform the following: (a) Change columns...
Find the intercepts and then graph the line. (a) 2x - 3y = 6 (b) 10 - 5x = 2y
What are the advantages and disadvantages of currency boards and dollarization over a monetary policy that uses only an exchange-rate target?
Do you think that before the National Bank Act of 1863 the prevailing conditions in the banking industry fostered or hindered trade across states in the United States?
If the fed funds rate is at zero, the Fed can no longer implement effective accommodative policy. Is this statement true, false, or uncertain? Explain.
How might planning in a not-for-profit organization such as the World Wildlife Fund differ from planning in a for-profit organization such as Airbnb?
Provide examples of the sources of data a residential solar panel company might gather when engaging in environmental scanning. Exhibit 8-6 may be helpful when answering this question.
How supportive do you think Teslas production staff is of the objective to produce 20 million electric vehicles in 2030? Would it have a positive or negative impact on morale? Explain.

would you recommend the use of traditional budgeting for contemporary organisations for planning and control purpose?Explain (500

Question:

Expert Answer:

A budget is defined as a business plan expressed in financial terms and are a very important planning and controlling tool in every organisation There are four main methods of budgeting namely increme... View the full answer

Economics of Money Banking and Financial Markets

Students also viewed these accounting questions