One of the potential problems in implementing a budget is in creating incentives to lie and cheat. Budgets can be used as performance evaluations, thus creating an incentive to lie. Managers may create budgetary slack or budget padding.This happens when an easily achieved goal (compared to what the goal should be) is created by overstating budgeted costs or understating budgeted revenues (Horngren, Sundem, Stratton, Burgstahler & Schatzberg, 2008). When managers create budgetary slack, it can protect them from budget cuts and unforeseen cost increases or revenue shortfalls. Unfortunately after lower level managers bias revenue and cost budgets, upper level managers attempt to correct the bias. This process can continue to where the lower level management consistently incorporates additional bias to compensate for upper level managements corrections. In turn, upper level management will consistently attempt to correct the bias' (Horngren et al., 2008). The result is a meaningless budget because the numbers are not accurate at all. Thus, the benefits of creating a budget are lost.
Horngren, Charles T., Sundem, Gary L., Stratton, William O., Burgstahler, David, & Schatzberg, Jeff. (2008). Introduction to Management Accounting (14th ed.). New
Jersey: Pearson-Prentice Hall.
The relationship between project managers and line managers is that the project managers divide the work among the line managers and the line managers report to the project managers.
Managers today emphasize teamwork
"Who are industrial managers?"
Yes, managers and non-managers should be appraised from the top and the bottom. This will help executive managers get a better idea of how they are performing.
how the environment affects managers
The relationship between project managers and line managers is that the project managers divide the work among the line managers and the line managers report to the project managers.
There is generally three categories of managers. These include the first line managers, the middle managers, and the top managers.
Managers today emphasize teamwork
"Who are industrial managers?"
Yes, managers and non-managers should be appraised from the top and the bottom. This will help executive managers get a better idea of how they are performing.
Top Performing managers has more responsibilities than an average managers.
Managers: Fozzie Puffin SmoothCriminal Co-managers: Ewoodsambo3 xxalexexx
A Meddle of Managers.
how the environment affects managers
There is no specific collective noun for managers, in which case a noun appropriate for the situation is used; for example, a crew of managers, a team of managers, etc.
Arsenal have 18 fulltime and 5 caretaker managers, so that would be 23 managers. Manchester United have had 19 managers.
The word managers is the plural form for the noun manager; the plural possessive form is managers'.