Budgets should not be administered rigidly

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WebAug 7, 2013 · Challenges in Administering Budgets The budgeting process should involve all levels of management The budgeting process is time-consuming To gain the benefits of budgeting, management at all levels of a company should understand and support the budget and all aspects of the management control system Budgets should not be … WebBudgets should not be . administered rigidly . Lower level managers who feel that top managers do not believe in budgets are . unlikely to be active participants in a budget process . The budget data for a yr are frequently . revised as the yr goes on.

Budgetary Control: Meaning, Objectives, Techniques, …

Web11) After a budget is agreed upon and finalized by the management team, the amounts should not be changed for any reason. Answer: FALSE. Explanation: Budgets should not be administered rigidly, but rather should be adjusted for changing conditions. Diff: 2. Terms: master budget Objective: 2. AACSB: Ethical reasoning teaching middle schoolers how to study

Budgets should ......................... . a. be flexible b. be ...

WebBudgets should _____. A. Only be developed for short periods of time such as quarters B. Not be so rigid that if conditions change, adjustments in spending can be made? C. Include only variable costs? D. Be administered rigidly? Budgets should _____. A. Only be developed for short periods of time such as quarters WebBudgeting is the formulation of plans for a given future period in numerical terms. Organizations may establish budgets for units, departments, divisions, or the whole organization. The usual period for a budget is … WebBudgeting is the formulation of plans for a given future period in numerical terms. Organizations may establish budgets for units, departments, divisions, or the whole … teaching middle school history

Solved > 7) It is advantageous to coordinate budgets:1217231 ...

Most Common Budgeting Mistakes (and How to Fix …

WebJan 13, 2015 · This will make it more likely for you to track your income and expenses, without the word “budget” filling you with dread. Zero-based budgeting. This type of … Web8. After a budget is agreed upon and finalized by the management team, the amounts should not be changed for any reason. Answer: False Difficulty: 2 Objective: 2. … teaching middle school healthWebMay 16, 2024 · A budget is a forecast of revenue and expenses over a specified future period. Budgets are utilized by corporations, governments, and households and are an … south maddisonmouth

"WebExpert Answer. Solution -Budgets Should not be adminsitrated ridgidly. I agree with the above statement. Budget should not be administered rigidly rather should adjus …. … " - Budgets should not be administered rigidly

Budgets should not be administered rigidly

WebExpert Answer. Option B is Correct …. Budgets should O A. not be so rigid that if conditions change, adjustments in spending can be made O B. only be developed for … WebSep 15, 2024 · “Difficulties of the Budgeting Process and Factors Leading to the Decision to Implement this Management Tool”. Procedia Economics and Finance 15 (2014) 466-473.O’Hoyt, B. (2014). “The Disadvantages of Budgeting”.

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Web14) Budgets should: A) be flexible B) be administered rigidly C) only be developed for short periods of time D) include only variable costs 15) After a budget is agreed upon and finalized by the management team, the amounts should NOT be changed for any reason. 16) Even in the face of changing conditions, attaining the original budget is critical. WebBudgets should not be administered rigidly, but rather should be adjusted for changing conditions. 9. Even in the face of changing conditions, attaining the original budget is critical. ... The revenues budget should be based on the production budget. Answer: False Difficulty: 1 Objective: 3 The production budget should be based on the revenues ...

WebJun 30, 2024 · A rookie budgeting mistake is creating an unrealistic budget that calls for dramatic lifestyle changes or a sudden influx of cash. What … WebThe flexibility to adjust is the most significant benefit that a flexible budget offers over a static budget. Change is a fact of life in the real world, and it occurs on a regular basis. A …

WebExpert Answer. 100% (10 ratings) Solution. 1. The correct answer is option B Explanation: Option B holds true as master budget encompasses both financial and operating aspects. Other options hold false as changes must be incorporated to tackle future conditions and changes and finan …. View the full answer. WebSome types of budgets, such as total budgets, may require lesser time. However, once a business drafts a budget, it must go through a rigid review process which also requires a …

WebD) rigidly administer the budget 14) Budgets should: A) be flexible . B) be administered rigidly . C) only be developed for short periods of time . D) include only variable costs . 15) After a budget is agreed upon and finalized by the management team, the amounts should NOT be changed for any reason. 16) Even in the face of changing conditions ...

WebBudgets should not be administered rigidly Budget refers to the quantitative expression of a management's plan for the future. The budget also helps in coordinating and communicating actions to be taken to implement the plan. Moreover, budget includes both the financial and non-financial aspects and serves as a blueprint for the company to … teaching middle schoolersWebA) Budgets are used to express only the operational plans and not the strategic plans of a company. B) Budgets do not account for nonfinancial aspects of the upcoming period. … south mackay kindergartenWebBudgets should not be administered rigidly because they can lead to negative consequences, such as decreased motivation and innovation, and can cause problems … south maddingley road bacchus marsh vic 3340Web15) After a budget is agreed upon and finalized by the management team, the amounts should NOT be changed for any reason. Answer: FALSE Explanation: Budgets should not be administered rigidly, but rather should be adjusted for changing conditions. Diff: 2 Terms: master budget Objective: 2 AACSB: Ethical reasoning teaching middle school mathWebSep 29, 2024 · A flexible budget that evolves throughout the year as key assumptions, like sales and production levels, change and you need to respond to market trends or other … teaching middle years pendergastWebA series of budgets for varying rates of activity is termed a(n): a. variable budget b. master budget c. activity budget d. flexible budget Some individuals assume that a flexible budget means the organization just changes the budget … south macomb hospitalWebObjective 6.2 14) TRUE or FALSE: After a budget is agreed upon and finalized by the management team the amounts should NOT be changed for any reason. FALSE Explanation: Budgets should not be administered rigidly but rather should be adjusted for changing conditions. teaching middle school kids about charity