Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

E3. Versatile Plastics LLC is a company involved in making plastic jars, trays, toys, etc in the Sultanate of Oman. The company uses all the

image text in transcribed
E3. Versatile Plastics LLC is a company involved in making plastic jars, trays, toys, etc in the Sultanate of Oman. The company uses all the products available inside the country in the production process except only one imported raw material. Ms. Sabeen is the Chief Executive Officer of the company and Mr. Khan is the accounts officer. The purchases department of the company was headed by Mr. Ibrahim, sales department by Mr.Aamir, production department by Mr. Jabir, finance department by Ms. Alia and human resource department by Ms. Nasibha. Ms. Sabeen decides to introduce budgetary control system in the company and wants to form a committee for the budgeting work and construct an organisation chart for the same. ANSWER THE FOLLOWING QUESTIONS: A. Construct and draw the organisation chart for the budgetary control system to be introduced in Versatile Plastics LLC. (5 Marks) B. Explain clearly the position of each member in the organizational hierarchy and his relationship with other members of the Budget Committee and Justify their role. (3 Marks) C. In this present situation does the company face any limiting factor or principal budget factor which will influence the operations of the company? Explain and justify the principal budget factor that exists in the company. (2 Marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Maintenance Management Auditing In Search Of Miantenance Management Excellence

Authors: Anthony Kelly

1st Edition

0831132671, 978-0831132675

More Books

Students also viewed these Accounting questions