Based on the effectiveness of the budget what

Assignment Help Marketing Management

Reference no: EM13392765

Budgets are the driving force behind all organizations. Whether a manufacturing organization, or a service organization such as a medical or public accounting firm, budgets are used not only for planning purposes but also for performance monitoring and evaluation of areas within an organization.

More than likely, you are often required to work with budgets within your organization. Using the module reading and the Argosy University online library resources, research budgets including multiple budgets.

Respond to the following:

1.Describe in detail the budgets that you work with.

2.In your description, what was the objective of the budget i.e., to motivate employees or control costs? (A budget could have more than one objective.) Was the use of the budget successful in achieving the objective?

3.Based on the effectiveness of the budget, what recommendations would you suggest to improve the communication and/or utilization of the budget(s)?

4.Assume your organization has multiple budgets and you are to work with these. Explain how these budgets should be linked together.

Give reasons and examples in support of your responses.
Write your initial response in 4–5 paragraphs. Apply APA standards to citation of sources

Reference no: EM13392765

Questions Cloud

If the required reserve ratio is 10 what actions should the : your response should be a minimum of one 1 single-spaced page to a maximum of two 2 pages in length.discuss each of the

Wat effect should each of given have upon demand for : what effect should each of the following have upon the demand for portable music players in a competitive market?

The business plan should be researched and professionally : you have decided that you would like to formally start an entrepreneurial business. to ensure the success of your

Using a balance sheet income statement and cash flow sheet : using a balance sheet income statement and cash flow sheet present 3 major categories of financial ratios and describe

Based on the effectiveness of the budget what : budgets are the driving force behind all organizations. whether a manufacturing organization or a service organization

How would reducing minimum quantity of subassemblies help : the space age furniture company manufactures tables and cabinets to hold microwave ovens and portable televisions.

Farrell machine company maintains a general ledger account : farrell machine company maintains a general ledger account for each class of inventory debiting such accounts for

Research bank of america and access the companys web page : research bank of america and access the companys web page on the internet to read their most recent annual report. the

Explain the likely outcomes of the outsourcing policy you : early in their existence many businesses handle their activities internally. as businesses mature and grow they often

User Account

All Pages