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Bases for market segmentation?
Budgetary slack will encourage team members to spend more than they have to in order to meet budget requirements. Management should set the budget at an exact number, or reduce it to save money.
How long is the state budgetary period?
2 years
Who is responsible for budgetary control?
It's the Finance Ministry who is responsible for budgetary control. The Ministry is assisted by Finance Secretary,Central Bank, Planning Commission. But the overall responsibility is bestowned upon the Finance Ministry.
What is the synonym for fiscal?
monetary, budgetary, commercial, economically, financially, pecuniary
What is the difference between budgetary control and standard costing?
Budgetary Control is projection of financial accounts and std. costing is a projection of cost accounts. Variances are shown in total in thhe former and a detailed analysis of variances is done in the latter. In std. costing, cost data ior each activity is pre-determined based on normal level of operaion.
How bonus program can encourage budgetary slack?
it does not
Consequences of budgetary slack?
Budgetary slack is a strategy that actively works to prevent a budget from working as designed. The consequence can be a business or project that fails due to apparently faulty budgeting.
What is a problem of budgetary slack?
may create a flexible budget
How do you conceal budgetary slack?
You are not supposed to ask that question on the net. Pranil
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 advantages and disadvantages of budgetary slack?
Budgetary slack refers to the intentional underestimation of revenues or overestimation of expenses in a budget. The advantages include providing a cushion for unexpected costs and potentially improving performance evaluations if actual results exceed the slack-adjusted budget. However, disadvantages include the potential for inefficiencies, as it may lead to misallocation of resources and discourage cost control, while also fostering a culture of mistrust if stakeholders perceive the slack as manipulation. Overall, while it can offer short-term benefits, budgetary slack may undermine long-term financial discipline and transparency.
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.
What Budgetary Slack is also known as?
It provides flexibility for operating under unknown circumstances, such as an extra margin for discretionary expenses in case budget assumptions on inflation are incorrect.
Why is the use of budgetary slack unethical?
According to the IMA Statement of Ethical it violates competence or the accurate, clear, concise and timely information. It violates integrity and the credibility of information
Part of being responsible means to give a lot of though to what?
consequencies
Bases for market segmentation?
Budgetary slack will encourage team members to spend more than they have to in order to meet budget requirements. Management should set the budget at an exact number, or reduce it to save money.
What is correct spelling budgetory or budgetary?
The correct spelling is "budgetary."
