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Management planning and control

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Management Planning and Control

1. One of the most important resources of an organization is Financial Resource. And since this type of resource has limitations, proper budgeting is important.

Discuss your knowledge about budget and its importance in an organization. What happens if the budget is overstated or understated?

2. What is participative budgeting? Do you recommend this as a practice of an organization? Discuss.

3. The Senate has lately approved for third and final reading the proposed amendments to RA 10742 or the Sangguniang Kabataan (SK) Reform Act of 2015, which seeks to revitalize youth participation in governance.

One of its amendments is the provision of a monthly honoraria to SK members, secretaries and treasurers because currently, only the Chairperson is entitled of the honoraria. This will be taken from the SK fund. The ceiling for the honoraria is at 25% of the budget so as to ensure that bulk of which will go to the programs and projects for the benefit of the youth.

Will this make a good law? Discuss your thoughts.

Reference no: EM132909936

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