Reference no: EM133107614

Please provide an example Decisions are made on a daily basis within every position at every company. Decisions regarding company policy can often create the conflicts that were discussed within last week's forum. This week, we also read about making financial decisions within a company. When making a decision that affects multiple departments within the company, it is important to think about the long-term benefits or challenges. Think back over your professional life...discuss a decision that was made by your company that had an effect on you or your department directly. What challenges were created by this decision? Was your company prepared for these challenges? How was this decision communicated to the employees? What could have been improved within this process?

Key words to use: breakeven point, budgetary control, capital budget, cash budget, control cost, direct cost, financial accounting/ management, fixed costs, indirect costs, inventory, job cost reports, operating budget, overhead costs, total costs, variable cost.