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Fynjy0 [20]
1 year ago
13

A budgeting process that involves the input and negotiation of several layers of management describes the management philosophy

of __________ budgeting.
Business
1 answer:
chubhunter [2.5K]1 year ago
6 0

A budgeting procedure that includes the enter and negotiation of numerous layers of control describes the control philosophy of Participative budgeting.

The required details for Participative budgeting in given paragraph

Participative budgeting is a procedure below which humans impacted with the aid of using a price range are actively concerned within side the price range advent procedure. This method offers lower-stage managers a more feel of possession within side the ensuing price range. A basically participative price range does now no longer take high-stage strategic issues into account, so control desires to offer personnel with hints concerning the general path of the business enterprise and the way their man or woman departments suit into it. When participative budgeting is used for the duration of an business enterprise, the initial budgets paintings their manner up via the company hierarchy, being reviewed and probably changed with the aid of using mid-stage managers alongside the manner.

Advantages of Participative Budgeting

This bottom-up method to budgeting has a tendency to create budgets which might be greater workable than are top-down budgets which might be imposed on a business enterprise with the aid of using senior control, with tons much less worker participation.

To know about Participative budgeting click here

brainly.com/question/29304721

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John is a fatalist decision maker

7 0
4 years ago
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Read the Leading Innovation and Change: Best Practices Case Study and answer the following in the Lesson Forum: What elements of
4vir4ik [10]

The correct answer to this open question is the following.

Although there is no further information about the case of study, we can say that the question possible refers to the case where the name of the company is just "The Client." The name of the document is "Leading Innovation Change - The Kotter Way."  

This case refers to the challenges faced by an organization when it is time to innovate. Many members want to innovate but the culture of the company or the lack of proper leadership from managers often hinders the innovation efforts of the company.

So some of the elements of Kotter's Eight Stages of Leading Change that were included in the case were the following.

Create Urgency. The creation of new products of the company was limited and was not enough to compete in the future. A sense of urgency was needed to implement innovation.

Form a Powerful coalition. The company had to be very selective about the kinds of products that could help it to successfully compete in the future. The company had to use the best it had to establish priorities.

Create a vision for change. It was critical for the company to establish a new vision to get the results it needed. A renovation of the processes to face new necessities was imperative. Change has to be part of every member's mind.

Communicate the vision. This new vision had to be shared through the entire company. The members had to understand the importance of the innovative practices and each and every one of them had to be part of this new mentality.  

6 0
3 years ago
For each event, explain whether the initial effect is a change in planned investment spending or a change in unplanned inventory
Katen [24]

Answer: A: An unexpected increase in consumer spending results in decreased inventories of those who produce the goods.

B: An increase in the interest rate is equal to an increase in borrowing costs, therefore, those producers who wish to invest will have fewer viable projects since the cost of obtaining capital will be higher.

C: A sharp increase in the economy's growth rate of real GDP has the consequence that producers increase their production capacity and have a higher investment expense.

D: an unanticipated fall in sales causes producer inventories to grow as they sell less, leading to unplanned excess inventories.

7 0
4 years ago
What 3 types of customer statements can be generated by QuickBooks Online? (Select all that apply)
Dimas [21]

Answer: The correct answers are:

-"Statements that show a balance forward and then all activity between two specified dates".

-"Statements that show invoices created between two specified dates and their related payments ".

"Statements that show just open transactions".

This 3 types of customer statements can be generated by QuickBooks Online.

6 0
3 years ago
On July 1, the inventory of at Barnett Shoes was $60,000. Because of anticipated back-to-school sales, the owner wants to have a
AVprozaik [17]

Answer:

required purchase             83,500

Explanation:

The cost of inventory in july sales and our desired ending invenory is the amount we need. the beginning inventory is a portion of this demand already fullfil, we need to purchase for the difference.

cost of inventory sales for July:

           70,000 x (1 - 45%) =  38,500

desired ending inventory   105,000

beginning inventory        <u>    (60,000)   </u>

  required purchase             83,500

4 0
4 years ago
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