Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem: If budget performance is overemphasized, myopic behavior can occur where a manager takes actions that get better budgetary performance in the short run but cause long-run harm to the company.

Required:

[A] Give some exs of myopic behavior that might be encouraged if there is an overemphasis on budgets as a performance measure.

[B] Recognize and discuss the key features that a budgetary system should have to encourage managerial, goal-congruent behavior.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M921399

Have any Question? 


Related Questions in Basic Finance

The probability of an engines failing during a 30-day

The probability of an engine's failing during a 30-day acceptance test is 0.3 under adverse environmental conditions. Eight engines are included in such a test. What is the probability of (i) none will fail and (ii) more ...

If your uncle borrows 60000 from the bank at 10 percent

If your uncle borrows $60,000 from the bank at 10 percent interest over the seven-year life of the loan, what equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest (rou ...

Lambda corporation has current liabilities of 430000 a

Lambda Corporation has current liabilities of $430,000, a quick ratio of 1.7, inventory turnover of 4.9, and a current ratio of 3.4. What is the cost of goods sold for Lambda Corporation?

Suppose if you spend 1 million today on a research project

Suppose if you spend $1 million today on a research project, there is a 30% chance of success at year-end and a 70% chance of failure. In the event of failure, you can decide to invest another $1 million to continue the ...

How do bonds provide financing to corporations for their

How do bonds provide financing to corporations for their capital projects? What are the key differences between using bonds to finance capital projects and using stock for that purpose? The value of a bond is dependent p ...

Rtio analysisextraordinary items and ratio analysis

Ratio Analysis "Extraordinary Items and Ratio Analysis" Please respond to the following: • Choose at least two items or events that you would consider to be extraordinary to a company. Propose the manner in which you wou ...

Suppose the real interest rate unexpectedly falls in the

Suppose the real interest rate unexpectedly falls in the absence of other economic changes. What would you expect to happen to (a) consumption, (b) investment, and (c) net exports in the economy?

What is the present value of 12500 to be received 8 years

What is the present value of $12500 to be received 8 years from today? Assume a discount rate of 4.5% compounded annually and round to the nearest $10.

Your aunt has 350000 invested at 55 and she now wants to

Your aunt has $350,000 invested at 5.5%, and she now wants to retire. She wants to withdraw $45,000 at the beginning of each year, beginning immediately. She also wants to have $50,000 left to give you when she ceases to ...

Financial worksheetdo we have everything we need on sales

Financial Worksheet "Do we have everything we need on sales and costs?" you ask. "It must be time to compute the net present value (NPV) and internal rate of return (IRR) of the Apix expansion project." "We have the data ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate