indicate yes if it describes a potential benefit of budgeting orno if it describes a potential negative outcome of budgeting. Budgets are useful in assigning blame for unexpected results.

Q: When budgeted and actual results are not the same amount, there is a budget a. error. b. difference.…

A: When the estimated and actual amounts are not same, there exists a difference due to certain…

Q: Top-down budgeting is preferred to a bottom-up approach, especially to monitor controllable costs.…

A: In a top-down budgeting approach, the budget is created by the top management of the company and…

Q: Briefly describe the type of human behavior problems that might arise if budget goals are set too…

A: Budget is a tool which is used in the planning and controlling process by estimating the revenue and…

Q: Explain the differences between participation and non-participation as styles of budgeting and…

A: Budgeting is a crucial aspect of financial management, aiding organizations in planning,…

Q: What factors can contribute to unsuccessful budgeting? How can these situations be avoided?

A: Introduction: Budgeting is a collection of tasks done to plan a budget. A budget is a quantitative…

Q: What are some strategies for compiling a budget proposal to combat recidivism in corrections?

A: Budget is a detailed plan for a defined period i.e., usually one year or one month or for one…

Q: Budgets are the best management tool, but I think they can cause arguments and disagreements between…

A: Budget: A budget is an estimation to determine the income that will be earned and expenses that will…

Q: Describe one objective of the budgeting. Discuss the consequences of setting budget goals too…

A: Answer:- Budget:- A budget is basically an estimate of income and expenses for a given future period…

Q: What are some examples of effective monitoring and control practices, and how do they help address…

A: Managers take necessary steps to control the costs in a particular accounting period. It is known as…

Q: Why are budgets used if it's uncertain the actual revenues and expenses will match the estimated…

A: Budgets are highly essential for different types of entities be it a corporate entity or a not for…

Q: Budgeting can be an important management tool if implemented properly. Identify several positive…

A: A plan that is written down and followed to determine how one will spend money on a monthly basis is…

Q: What are some characteristics of performance-based budgeting? What are some advantages and…

A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

Q: 5) Budgets can be used to motivate employees because budgeted performance levels can provide goals…

A: A budget is defined as a comprehensive financial plan that outlines anticipated income, expenses,…

Q: indicate yes if it describes a potential benefit of budgeting orno if it describes a potential…

A: A Budget is a summary of expenses prepared by Companies to find the costs to be incurred on…

Q: Describe scenarios/situations when it is appropriate and when it is not appropriate to use a static…

A: Static budget is also called fixed budget. Static budget does not change with the change in the…

Q: The accountant perspective of the budget views the budget as a rational decision-making tool? True…

A: Budgeting is the process of estimating the profitability, business requirements like production…

Q: Do you think the extra expense of providing  acapital budget is imortant?

A: The objective of the question is to understand the importance of the extra expense of providing a…

Q: Budgetary slack is created when: a. The differences between actual and budgeted amounts are the…

A: C.  This term best describes budgetary slack, which is deliberately distorted to make the budget…

Q: Using budgets as a performance benchmark is often since the actual performance will most likely…

A: Using budgets as a performance benchmark is often challenging or unreliable since the actual…

Q: Ethical Considerations. Budget projections always involve a degree of judgment because managers can…

A: Budget may be defined as the estimated statement prepared for the estimation of amount of revenues…

Q: Which is better the old-fashioned way of TOP DOWN budgeting, or the new way of BEYOND BUDGETING and…

A: Budgeting refers to a predefined strategic systematic plan developed by a business enterprise…

Q: what are the factors to be considered in developing and managing budgets?

A: Developing and managing budgets is a critical aspect of financial planning and control for…

Q: Which of the following statements is false? (You may select more than one answer.)a. A flexible…

A: A flexible budget is: Used for control purpose. Prepared at the end of the period. A static budget…