What is the importance of budgets for organizations

Assignment Help Microeconomics
Reference no: EM131177228

Blueprint for Personal and Professional Growth

During this course, you have become familiar with a number of different types of budgeting and examined their preparation and uses. Consider the information you have been given. As a manager, you might not have to construct a budget, but you will be required to provide input in its creation or work with a previously constructed budget.

· What is the importance of budgets for organizations in today's global economy?

· There are many assumptions that go into the preparation of a budget. What are some of those assumptions and how will you gather reliable information to make more accurate assumptions?

· What budgetary skills do you need to possess to be an effective manager and what will you do to improve those skills? What resources will you consult for information?

· What did you learn in this course that is most important to your future as a manager? How will you apply your newly acquired knowledge in your profession?

· After taking this course, how will you approach your role as a manager differently?

Reference no: EM131177228

Questions Cloud

How many nonisomorphic unrooted trees are there : How many nonisomorphic rooted trees are there with five vertices (using isomorphism for directed graphs)?
Should the bradleys lease the land at that price : The Bradleys' are considering taking out a loan to increase their budget. For each dollar they borrow, how much additional profit would they make? If they borrowed an additional $1,000, would the number of acres of corn and tobacco they plant chang..
Explain the economic term economies of scale : 1. Explain the economic term ‘economies of scale'. 2. Explain both of the economic terms a) specialization of labor and b) specialization of capital.
Equivalent resistance between the terminals a and b : Find the equivalent resistance between the terminals a and b for the figure shown below.
What is the importance of budgets for organizations : What is the importance of budgets for organizations in today's global economy? What budgetary skills do you need to possess to be an effective manager and what will you do to improve those skills?
What does fomc stand for : What does FOMC stand for? What does it do as far as monetary policy? How is the FOMC formed?
Build a binary search tree for the given words : Build a binary search tree for the words oenology, phrenology, campanology, ornithology, ichthyology, limnology, alchemy, and astrology using alphabetical order.
How does using a framework enable an organization : How does using a framework such as resource-based view (RBV) or Porter's Five Forces enable an organization to achieve a competitive advantage, by implementing strategic HRM practices throughout the organization?
How many comparisons are needed to locate words : How many comparisons are needed to locate or to add each of the words in the search tree for Exercise 2, starting fresh each time?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd