1. QS 22-1 Budget motivation c1 For each of the following items 1 through 5, indicate yes if the item is an important budgeting guideline or no if it is not Employees should have the opportunity to explain differences from budgeted amounts. Budgets should include budgetary slack. Employees impacted by a budget should be consulted when it is prepared. Goals in a budget should be set low so targets can be reached. Budgetary goals should be attainable 2. 3. 4. 5. Page 843 QS 22-2 Budgeting benefits @cil For each of the following items 1 through 6, indicate yes if it describes a potential benefit of budgeting or no if it describes a potential negative outcome of budgeting Budgets help coordinate activities across departments. Budgets are useful in assigning blame for unexpected results, 3. A budget forces managers to spend time planning for the future. Some employees might overstate expenses in budgets. Budgets can lead to excessive pressure to meet budgeted results. Budgets can provide incentives for good performance. 1. 5. 6