Static budgets can be misleading for managers

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Reference no: EM133770777

Question

1. Do you think that "Static Budgets" can be misleading for managers? Please explain your reasoning.

2. Suppose that the production manager of your factory is a particularly optimistic individual. If you were in charge of developing the "Master Budget", how would you be influenced by this knowledge?

3. What is the role of "Standards" and how do they help managerial decision-making process?

4. What is the role of Sales or Service Revenue for Budgeting process?

Reference no: EM133770777

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