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What are performance budgets?

Updated: 9/26/2023
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Q: What are performance budgets?
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Why should you have a budget?

Budgets are tools for control and management. With the help of budgets company evaluates that how well its management has performed as well as budgets are used for performance measurement.


How managing resources and controlling budgets can improve the performance of a business?

start a growing potatoes


How are statistics budgets revenue budgets and operating budgets related?

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What are the Effects of budgetary control on performance management?

Higher budgets, in real terms, create a unit that is expected to produce higher profits. Lower budgets, in real terms, create a unit that is expected to produce higher profits, or at least only corresponding porportional losses.


All budgets depend on the sales budget?

Yes, all budgets depend on sales budgets because budgets can't exceed the amount of available money. When sales are poor, the budgets will be smaller.


What is operational budgets?

About operational budgets can be read in


What are non-financial budgets?

Budgets are not expressed in dollar value termed non-financial budgets.


Characterstics and essentials requirements of good budgetary control system?

Essentials of budgetary control:1) Establishment of budgets for each function and section of the organisation.2) Continuous comparison of the actual performance with that of the budget so as to know the variations from budget and placing the responsibility of executives for failure to achieve the desires results as given in the budget.3) Taking suitable remedial action to achieve the desired objective if there is a variation of the actual performance from the budgeted performance.4) Revision of budgets in the light of changed circumstances.


How many budgets have been presented up to date?

Budgets for what specifically?


What is the department strategy and budgets?

A department of strategy and budgets dur lol


What impact did the Korean war have on us budgets?

One impact that the Korean War had on US budgets was that military spending increased and became a larger proportion of future budgets.


What is the difference between family budgets and personal budgets?

the personal is for your self and family is a group