Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pam the manager of Education Food Services at Central Maine State University create a slack in the budget to ensure that she achieves her

image text in transcribed
image text in transcribed

Pam the manager of Education Food Services at Central Maine State University create a slack in the budget to ensure that she achieves her target, according to her it's a common practice in the food industry and that her bosses know about it since they were in her place at one point in time, she justify it by saying that if she didn't do so she will not be achieving her target which will result in losing her job. She said that the corporate management squeezes her budget and raises the target between zero to 15% so she ends up with a moderate slack, not a huge difference, but she also hides some relevant information from the management that will affect the performance for the coming period like the increase of number of on-campus students, and the cost of labour since she hires students on a part-time basis and she pays them much less than what is reported in her budget, she also said that this slack helps her give room for her employees to breathe since they don't like her looking over their shoulder all the time (Merchant & Van der stede, 2013).

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

Managerial Accounting Tools For Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

5th Canadian Edition

1119403995, 9781119403999

More Books

Students also viewed these Accounting questions

Question

12. Briefly discuss the functions of financial management.

Answered: 1 week ago

Question

Write short notes on Interviews.

Answered: 1 week ago