Budgeting necessary for rtwmtc

Assignment Help HR Management

Reference no: EM13748178

James Williams (fictitious) was recently hired as the executive director for the Reach The World Mobile Telephone Company (RTWMTC). As part of his goal to manage and improve the company's spending and income, he asks you to explain the importance of budgeting for the RTWMTC.

For this assignment, you must answer the following questions:

Why is budgeting necessary for RTWMTC?
- Identify and explain at least three reasons.
Who should be involved in the budgeting process and why? Explain in detail.
What will happen if RTWMTC does not properly budget?
- Explain two specific possible outcomes in detail.

Explain why it is important for an organization, a project, or a department to have a budget.

Conclude who should be involved in budgeting.

Reference no: EM13748178

Questions Cloud

Importance of capital investment decisions : Discuss the process of capital investment and the importance of capital investment decisions for health care managers today. In your Discussion, use three key terms from the unit.

Financial statements-adjusted trial balance worksheet : The 2012 year-end adjusted balances taken from the general ledger of Cooperstown Services, Inc. are listed below in general ledger order

Evaluating your own risk for inherited disease : Assignment: Evaluating Your Own Risk for Inherited Disease, For this assignment you will think about your individual health and health risks

Discuss the causes and conseqences of the great depression : Discuss the causes and conseqences of the great depression.

Budgeting necessary for rtwmtc : James Williams (fictitious) was recently hired as the executive director for the Reach The World Mobile Telephone Company (RTWMTC). As part of his goal to manage and improve the company's spending and income, he asks you to explain the importance ..

Do you agree with the eos that the president signed : President Obama has signed four executive orders that will greatly impact federal government contractors - Do you agree with the EOs that the president signed?

How important was sexual freedom and sexual expression : How important was sexual freedom, sexual expression, and sexual transgression in rock from the 1950s and 60s? Give some specific examples and discuss the results of those examples.

Main principles of agency law : What are two main principles of agency law that impact responsibility and accountability in health care organizations? Provide an example of each

Annual generic annual budget for the rtwmtc : For this assignment, you must develop a 2-page spreadsheet that you will deliver to the director and staff containing an annual generic annual budget for the RTWMTC. Using an income of 800,000 per year, you must answer the following questions:

User Account

All Pages