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oksano4ka [1.4K]
4 years ago
7

You know the _____ method of budgeting is being employed after hearing an experienced marketing department manager respond to a

new employee's question, "How was the ad budget established last year?" by saying, "The same way it's always been done. I just have an instinct for how much should be budgeted where."
Business
2 answers:
Korvikt [17]4 years ago
4 0

Answer:

A) Arbitrary allocation

Explanation:

Arbitrary allocation of resources is a very commonly used method specially by experienced managers. To be honest, almost all the allocation methods are arbitrary, only that some are less obvious, e.g. percentage of sales is also arbitrary because what percentage is the correct allocation, someone decided because their previous experience favors such a number.

The manager doesn't magically come up with numbers and decides that X should be assigned to this product and Y to that product. He/she bases the decision on previous campaigns as a parameter and then he/she determines an amount.

Of course this type of resource allocation is not the best or more exact way to do it, but it is based on experience and experience also matters. What would be really problematic is that the manager is so stubborn that he/she will not adjust the balance according to the needs. You must remember that all budgets are only estimates, and estimates aren't usually 100% correct (they wouldn't be estimates if they were 100% sure). What is important is to be able to adjust your budget to correct any variances.

Marianna [84]4 years ago
3 0

Answer:

Arbitrary allocation.

Explanation:

Arbitrary allocation is a method where costs budgeted are not based on any precise measurement,hence accurate costs could not be arrived at.

This approach to budgeting breeds inefficiencies as the accurate budgeting is expected to lead to accurate costing of products as well as pricing.

All in all,the true profitability of a business cannot be ascertained.

Finally,the organization adopting this type of approach needs to change to other accurate methods of budgeting such incremental or rolling budgeting.

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<u>Translation of question : </u><u>In </u>Greek civilization meant high achievement in life, science, industry and the government system. Discuss this statement.

<u>Explanation:</u>

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The achievements and developments one can see in elements such as life, science, industry and government system in a country is the civilization.

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4 years ago
Suppose that your firm has spent several decades establishing a well-known brand name through advertising. If other firms are pr
-Dominant- [34]
Location because it was spent on most and the decades were filled with them
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3 years ago
People who support free trade would MOST LIKELY support the efforts of which of these organizations?
Rudiy27
<span>I, II, and IV I think</span>
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3 years ago
Read 2 more answers
Which of the following steps of the training design process involves person and task analysis? a. developing an evaluation plan
Alinara [238K]

Answer:

The correct answer is: b. conducting needs assessment.

Explanation:

Needs assessment often begins with a rigorous analysis of existing processes. This process will identify deficiencies and potential areas for improvement. Having identified the improvement needs, an analysis of the available technology, including an investigation of the methods used by other authorities, may indicate that there are one or several technological solutions to those needs.

At this stage it is possible to follow different consultation courses simultaneously:

Technical advisors can determine if the proposed technological solution is appropriate for the purpose set.

Financial advisors can estimate its cost and determine if it is affordable (see Affordable Prices and Budgeting).

Project administrators can determine if there is support within the electoral body for incorporation.

Senior officers may consult interested parties regarding the proposed change, if appropriate.

Alternative solutions can be explored to determine if there are less expensive or more effective options - not necessarily all solutions must be technological.

At the end of the needs assessment, there is likely to be a solid understanding of the need for change and a clear indication of the most appropriate option to meet the needs. This information can be used to prepare the next phase of the project development and implementation strategy, the business plan.

4 0
3 years ago
Portions of the financial statements for Software Associates are provided below. SOFTWARE ASSOCIATES Income Statement For the ye
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Answer:

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $78,000

Adjustment made:

Add : Depreciation expense $33,000

Add: Decrease in accounts receivable $10,000

Add: Decrease in inventory $13,000

Add: Increase in accounts payable $7,000

Less: Decrease in salaries payable -$4,000

Add: Increase in income tax payable $8,000

Less: Increase in prepaid rent -$3,000

Total of Adjustments $64,000

Net Cash flow from Operating activities                   $142,000

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3 years ago
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