(Answered) Group there are two basic types of budgets the master

Management Studies

Group, there are two basic types of budgets, the master (static) budget and the following flexible budget (used to adjust for sales volume). Both are important! Our question asks about what happens if we budget poorly. Did you know that the master budget is built from plans from every department? If we're off, we could hire too many people, or not enough, order too many supplies, or not enough! You get the idea.

Does anyone have experience with flexible budgets they would like to share with the group? Perhaps even your personal budget at home?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92583608
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

How is it that a persons mental map impacts the ability of

How is it that a persons "mental map" impacts the ability of a leader to align the organization with the vision of the organization.

The following few machines are given informal

The following few machines are given informal descriptions. Decide whether they are of CISC or of RISC design, and provide a short description of why. a) Machine A has over 300 instructions, many of which are executed at ...

Certiv in businesswhat are your project deliverables

CertIV in business What are your project deliverables (outcomes)? explain them. What documents should be forwarded to stakeholders? list 3 examples & related stakeholders

How can companies use product differentiation and the

How can companies use product differentiation and the capacity control to manage rivalry and to increase an industry's profitability.

Explain a business process you are familiar with describe

Explain a business process you are familiar with. Describe how a computer-based information system is related (or used) in this business process. Explain how a computer-based information systems can improve the efficienc ...

What are the similarities of organizational and

What are the similarities of organizational and environmental pressures?

What are the risks of having the united states government

What are the risks of having the United States government select a cryptosystem for widespread commercial use (both inside and outside the United States)? How could users from outside the United States overcome some or a ...

Nfs allows the file system on one linux computer to be

NFS allows the file system on one Linux computer to be accessed over a network connection by another Linux system. Discuss the security vulnerabilities of NFS in networked Linux systems, and possible mitigation solutions ...

Explain how the company newmans own brand fulfills the

Explain how the company Newman's Own brand fulfills the definition of a business for profit and a non-profit business at the same time. Consider in the response the functions of business, entrepreneurship and production ...

Why is it important to engage on sustainabilityis it

Why is it important to engage on sustainability? Is it possible for stakeholder relationship to be only one-way? Discuss What is meant by a ladder of stakeholder engagement?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert