Planning & Budgeting
6 important questions on Planning & Budgeting
Participative budgeting advantages
- Bigger employee motivation
- More acceptance of organization goals
- Can yield information that employees know but managers do not
Participative budgeting disadvantages
- More time-consuming
Sales staff advantage
- Salespeople are in the unique position of being close to the customer
- They could be the people in the company who posses the best information an the best local knowledge about customers immediate and near-term needs.
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
Sales staff disadvantage
It is reasonable to start the master budget...
Budgeted balance sheet
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding