Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. both the budget process and budgets themselves can

Both the budget process and budgets themselves can impact management actions, both positively and negatively....

80.2K

Verified Solution

Question

Accounting

image
Both the budget process and budgets themselves can impact management actions, both positively and negatively. For instance, a common practice among not-for-profit organizations and government agencies is for management to spend any amounts remaining in a budget at the end of the budget period, a practice often called use it or lose it." The view is that if a department manager does not spend the budgeted amount, top management will reduce next year's budget by the amount not spent. To avoid losing budget dollars, department managers often spend all budgeted amounts regardless of the value added to products or services. All of us pay for the costs associated with this budget system. Required 1. Write a half-page report to a local not-for-profit organization of government agency offering a solution to the use it or lose it budgeting problem Your post will be graded as follows Addresses prompts) fully using standard English grammar and spelling A substantial response to one classmate do not say ace postorage using standard English grammar and spelling A substantial response to one more classmate do not just say Nice post or using standard Inceshammar and selling Total Possible TRO 10 10 100 Need help with Blackboard? Reviews

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students