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Why capital budgeting decision very crucial for finance managers?
why capital budgeting decisions are very crucial
Why manager reluctant to participate fully in budgeting?
Managers may be reluctant to participate fully in budgeting due to a lack of time and resources, which can make the process seem burdensome. Additionally, they might feel that their input won't significantly influence the final budget or that the budgeting process is too rigid, limiting their ability to adapt to changing circumstances. Fear of accountability for budget variances can also discourage active involvement, as managers may worry about the repercussions of not meeting financial targets.
In what field of business are money managers normally employed?
Money managers are normally employed in the field of business known as trading. Money managers manage their money using investment, budgeting, banking, and taxes.
How zero-based budgeting may assist in budgeting plainning and control?
Zero budgeting assumes that unlike the traditional budgeting system, there are no "givens". By implication, the idea of using what happened last year as the starting figure for allocation does not arise. Every activity must justify afresh (as if it never existed) and merit any resource allocation to it. This provides an incentive to managers to be focussed in their planning, and goal oriented in their budgeting. Also, that managers are forced to plan, performance evaluation and control become easier . Submitted by DURODOLA VICTOR O Nigeria
What is pseudo participation in bugeting?
It involves the lack of input from managers due to the higher powers setting a target and the managers therefore passing the information on with no input of their own. Pseudo means fake, as in the managers do not really participate.
How does budgeting help management make good business decisions?
Budgeting helps managers focus on cutting costs. When they cut costs and still meet production metrics, they will see more profit.
Who is responsible for implementing the DIACAP and planning and budgeting for IA controls?
Program or System Managers (PM or SM) for DoD information systems
Why manager reluctant to participate in budgeting?
Some managers are reluctant to participate in budgeting because they do not like to discuss financial matters. They may also feel like developing a budget stops flexibility in an organization. Some want to control all the money without any restraints.
When financial managers adjust for cost inflation in programing and budgeting they usually?
Revise their POM submission based on the Resource Management Decision (RMD) released by the Deputy Secretary of Defense
Why are managers reluctant in a budget setting?
Managers may be reluctant in a budget setting due to several factors, including fear of accountability for overspending, concerns about resource allocation impacting their team's performance, and the pressure to meet unrealistic targets. Additionally, the budgeting process can be time-consuming and may require compromises that could limit their operational flexibility. This reluctance can stem from a desire to maintain control over their departments and ensure that their strategic goals are not undermined by rigid financial constraints.
How do managers use budgeting within the e-marketing process planning?
Managers use budgeting in the e-marketing process planning to allocate resources effectively, ensuring that funds are directed toward high-impact digital channels and campaigns. By setting a budget, they can prioritize marketing initiatives, track performance against financial goals, and make data-driven decisions. This financial framework also helps in forecasting returns on investment and adjusting strategies in response to market trends and consumer behavior. Overall, budgeting serves as a critical tool for maximizing the efficiency and effectiveness of e-marketing efforts.
What does the process of budgeting encompass?
what does the process of budgeting encompass? what does the process of budgeting encompass?
