9. Ashley Finn is a new production manager. After a great deal of effort, including considerablemarket research, she completes her budget and submits it to her boss, Keith Payne. Without evenlooking at it, he asks her what her "fudge factor" was, and which items contained the most slack.Ashley, very surprised, responds that she doesn't use any "fudge factor," and that all her figuresare honest. Mr. Payne counters by asking her how she would respond if she had to cut about20% from her budget, as it is. He tells her that most budgets are trimmed in committee, and shehad better be ready. He returns the budget to her, and tells her to come back with somethingreasonable.Required:1. Is it ethical to build slack into a budget? Explain.Was it ethical for Mr. Payne to refuse to accept a budget without slack? Briefly explain.2.

1. YES, It can be ethical to build slack into a budget. Budget slack is actually underestimated or…

Answered: 9. Ashley Finn is a new production…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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You are required to conduct a literature search and discussion in this assignment.You are to choose a peer reviewed journal article (from any country) on the: -Use of Budgeting as a management technique for managing resources.The article should be published between 2010 – 2020. Choose your article only after you have accessed several relevant articles, and then choose the best articles that will answer the assignment question below.Required: Critically evaluate the relevance and challenges of budgeting systems by answering the 5 questions below:Questions:1. Briefly discuss the budgeting process. 2. Based on your selected journal article, discuss citing examples whether the budgeting process satisfies the purpose of planning, controlling and evaluating performance. 3. The two widely used practices in preparing budgets are ‘top down’ budgeting and ‘bottom up’ budgeting. Identify and explain the practice adopted by the organisation discussed in your selected journal article and further…
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