Asked in Business Plans
What steps can be taken to prevent budgetary slack?
budget slack can be prevented by good alignment between budgeting process and the organization's strategy which achieved by communication and coordination between top management and line managers or strategic business units to ensure that all line managers have the same perspective about achieving the organizational goals.good implementation of budgetary control also plays a role in preventing budgetary slack. ...
What are the behavioral Implications of Budgeting?
behavioural implications of budgeting are, budgetary slack and participative budgeting. budgetary slack tends to happen when the manager of division wants their performance looks good, but in the wrong way by padding the budget. therefore, they looks like "beat the budget". participative budget can cause delay andvacillation. ...
Asked in Budgeting and Forecasting
Advantages and disadvantages of budgetary slack?
Advantages: It provides flexibility for operating under unknown circumstances, such as an extra margin for discretionary expenses in case budget assumptions on inflation are incorrect or adverse circumstances arise. Additional slack may be included to offset the costly setups from design changes and/or small lot size orders. The increased pressure to meet current year earnings per share targets may result in postponing expenditures into the next year or aggressively pulling sales into the current year. Budgetary slack in the next year may compensate for shifting those earnings...
What are example sentences using the word to conceal?
conceal - meaning to hide something examples: When playing hide and seek i had to conceal myself in small space. I had to conceal my tattoo from my mom or she would have grounded me. ...
Asked in Brake Pads and Rotors, Project Management
Distingui sh between total slack and free slack?
Free slack: The free slack of an activity is the time this activity can be delayed without impact on the following activity. Total slack: The total slack of an activity is the time this activity can be delayed without impact on the finish date of the project. ...
What is a non budgetary barrier that hinders the creation of new policy initiatives in US politics?
Interest group influence is a non budgetary barrier.