Question
Managers are often required to create a budget, from the perspective of management, answer the following questions: 1. How can the process of creating a
Managers are often required to create a budget, from the perspective of management, answer the following questions: 1. How can the process of creating a budget benefit a manager? 2. For each activity a manager includes in a budget, should the activity be evaluated as a change from last budget period or with a blank slate? a) Pros and Cons of zero-base budget (blank slate)? b) Pros and Cons of updating last periods budget? 3. The budget communicates objectives across and organization, what is a benefit of this? 4. What is the role of a budget in performance evaluation? 5. What types of decisions are 5-10 years out that need to be budgeted? 6. What is a sales budget? What items (information, data, opinions, circumstances, etc) contribute to the sales budget?
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