Understanding Management (MindTap Course List)
Understanding Management (MindTap Course List)
10th Edition
ISBN: 9781305502215
Author: Richard L. Daft, Dorothy Marcic
Publisher: Cengage Learning
Question
Book Icon
Chapter 15, Problem 3SL
Summary Introduction

To discuss:

If I never seem to have any money left over at the end of the month.

Introduction:

Budgeting is the basic need of any business or personal finance. Budgeting enables the person or business to plan its revenue and expenditure. Budgetary control is the most useful method of managerial controls, which helps in setting standards for revenue and expenses and analyzing the performance on the basis of standards. The comparison of standards with actual is called variances analysis.

Blurred answer
Students have asked these similar questions
In the business model, the cost structure is said to be determined to allow for acceptable profits. What are the determinants of acceptable profits?
In the business model, the cost structure is said to be determined to allow for acceptable profits. What are the determinants of acceptable profits? Please provide a reference.
In the next 3-4 weeks you will work on a multi-part project.  Match the appropriate part with the project description.
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Text book image
Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,