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VLD [36.1K]
2 years ago
6

Describe the flow of budget data in an organization. Who are the participants in the budgeting process, and how do they particip

ate?
Business
1 answer:
lutik1710 [3]2 years ago
3 0

Budget information flows in two directions: up and down. The initial flow should be from the bottom of the tissue to the top. The person responsible for income or expenses should create budget data to measure final performance. Once budget data is communicated to upper management, higher-level management should review the budget for consistency with the overall goals of the organization and the plans of other departments within the organization. All issues should be resolved through discussion between the person who created the budget and their manager.

All levels of the organization should be involved in the budgeting process, not just management and accounting. Lower levels are generally familiar with detailed day-to-day operational data and therefore have primary responsibility for formulating budget details. The top management level should have a better overview of the company's strategy.

Learn more about the budget at

brainly.com/question/6663636

#SPJ4

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Answer:

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Explanation:

Midas Touch should invest in Coolco company. Stiff competition faced by Coolco means that the domestic market is oversaturated and therefore venturing into global economies will give it first-movers advantage hence gaining a competitive edge above its competitors. In the perspective of an investor, this could translate into high returns due to exposure into global economies. For Barker manufacturer, it still has a good chance to expand domestically and may not yield high returns for the venture capital firm.

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3 years ago
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D. base an employee's salary on the number of task skills he or she possesses.

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If an employee develop new skills while working and then get renumerated, this will make the employee get himself or herself acquainted with the company. In order words, the employee will go out of his way to improve his efficiency in terms of increase in productivity due to the new task skill gained.

In this reward system, the employer rewards the employee with payment increase for leaning new task and skills on the job which is beyond their regular activity.

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3 years ago
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Answer:

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In this case, we need to multiply the direct labour hours allowed for each product by the number of unit produced for each product.

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