<span>It actually depends in every location and there is no right or wrong
answer to this question. The best thing to ask is what is the minimum amount
someone is willing to work for? If a potential employer offers one a job with
$10,000 salary, is that okay? How about $25,000? Again, it all varies. It is up
to both sides to arrive at an agreeable rate.</span>
Answer:
d. All of the above
Explanation:
A budget can be defined as a financial plan of estimated revenues, resources and expenses over a specific period of time in a particular country. It is usually reevaluated based on future plans and objectives periodically, typically on an annual basis. Thus, budgets are usually compiled, analyzed and re-evaluated on periodic basis.
Budgeting competency requires the ability to:
a. Define the production system.
b. Quantify expected operations in dollars.
c. Analyze actual results considering the budget to determine where costs were better or worse than expected.
Additionally, the first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.
<em>The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies. </em>
Answer:
Availability bias
Explanation:
A manager has a very critical responsibility to evaluate employees from time to time. In that regard, the manager should not be bias otherwise it can badly affect the overall performance of a firm or organisation. In the above example, the manager's perception is affected by availability bias; it is a problem in which managers feel that available data is sufficient to form a conclusion.