0
Some problems one may encounter are if budgets are imposed upon people there is little incentive for them to stick to the targets as it causes pressure on them. It can also restrict business activity, which may end up in losing business.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What are the advantages and disadvantages of incremental budgeting?
Some of the advantages of incremental budgeting are that this type of budgeting is easy and quick. Some disadvantages of incremental budgeting are that different methods for achieving the objective may not be considered and if the budget is not fully spent it can be reduced during the next period.
What are the advantages and disadvantages of a budget?
Budgets can help you control spending and to gain a clear picture of your financial status. However, budgeting can take a lot of time, and errors can occur.
What is the budget of Congressional Budget Office?
The budget of Congressional Budget Office is 46,800,000 dollars.
What are the components of a master budget?
an operating budget and a capital budget
What is the term for a budget that starts with the absolute necessities and debt payments and then adds expenditures until there is no more cash?
zero-based budget
Disadvantages of participation in the budget setting process?
participative budget is also called bottom-up budget. So, u just find the disadvantages of bottom-up budget. 1. slow 2.budget snack 3. Not setting budget in line with the aim of the firm
What are the disadvantages of a line item budget?
what are the advantages and disadvantages of line item budgeting
What are the advantages and disadvantages of sales budget?
Advantages of a sales budget is that it can help businesses to reach a certain selling goal.
What are the disadvantages of budgeting?
THE BENEFICIARY OF THE BUDGET WILL BE FORCED TO USE WITHIN THE CALENDAR YEAR AND WILL AND SHOULD TRY TO JUSTIFY THAT NEXT BUDGET SHOULD BE HIGHER.
What are the disadvantages of street vendors?
the disadvantages of street vendors ps hat they do not make fixed profits and they cannot budget for the money tha they get. they depend on people to live
Advantages and disadvantages of rolling budget?
Rolling budgets allow departments to have a fresh budget each day. This doesn't help reduce cost for the organization because the company can manipulate the system based on when they make purchases.
What are the advantages and disadvantages of the percent-of-sales method?
The advantage of the percent of sales method is that you have a modeled percentage of previous activity and company growth in terms of creating a marketing budget. The disadvantage to this method however could be different allocation of internal resources either in growth or decline. This could affect a planned budget and would not be a good way to analyze future expenditures. There are many factors to a business that can affect a marketing budget, and sometimes it makes sense to increase budget percentages to increase growth in sales.
What are the advantages and disadvantages of production budget?
ADVANTAGES OF PRODUCTION BUDGET:-The following are the advantages of production budget:* Plant and machinary can be utilised to a maximum extent* Labour hours can be utilised to a greater extent*It help to reduce production expenses as there is uniform production*It is enough to maintain minimum stock of goods*Purchase cost budget can be prepared*Production cost budget can be prepared
What are the disadvantages of a washing machine?
There are many disadvantages of a washing machine. One is that you can only put in but so much of your clothes in there and if you do put in too much, it could damage the machine. Another is that it takes up a lot of room. These disadvantages could be prevented if you buy better models of one (one that fits your budget).
Disadvantages of budgeting?
· Lack of Absolute accuracy: since budgets are projections and they are based on various assumptions. Budget estimates are therefore, devoid of absolute accuracy. · Mere preparation of budget does not suffice the purpose unless the management at all levels the responsibility for achieving the departmental goals laid down in budgets.
What are the advantages and disadvantages of incremental budgeting?
Some of the advantages of incremental budgeting are that this type of budgeting is easy and quick. Some disadvantages of incremental budgeting are that different methods for achieving the objective may not be considered and if the budget is not fully spent it can be reduced during the next period.
What are the advantages and disadvantages of a budget?
Budgets can help you control spending and to gain a clear picture of your financial status. However, budgeting can take a lot of time, and errors can occur.
