(Answered) If budget performance is overemphasized myopic behavior can

Finance

If budget performance is overemphasized, myopic behavior can occur where a manager takes actions that improve budgetary performance in the short run but cause long run harm to the firm.

a. Give at least two examples of myopic behavior that might be encouraged if there is an overemphasis on budgets as a performance measure.

b. Discuss ways to discourage or prevent myopic behavior in managers.

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