Relationship between departmental and total facility budgets

Assignment Help Business Management
Reference no: EM1370903

Verybest's executive management team

It has been brought to the attention of Verybest's executive management team that the department managers have not been held accountable for their individual department's budget, which has contributed to increased costs and reduced profits. You need to:

Evaluate the relationships between departmental and total facilities budgets.
Explain the business transactions that occur in an organization budget.
Describe the budget cycle, the decision problems, and decision rules that may affect the relationships between the department and total facility.

* Emphasize the role that each department's input plays into the budget and how it relates to their use of the budget in managing costs.

* Explain what factors you used in making your decisions and the purpose of each selection.

Objective: Explain the relationship between departmental and total facility budgets.

Reference no: EM1370903

Questions Cloud

Explain the role of grant-writing process : Find sources of funding for health care organizations and the role of the grant-writing process.
The long-run average cost curve : There are over 5,000 banks in United State. more than ten times the number per capita than other industrialized countries.
Compute the initial internal energy of the crate : A force of 323N is applied horizontally to a crate in order to displace crate 30m across a level floor at a constant velocity. As a result of this work.
Explain your organization currently offers health insurance : Explain Your organization currently offers health insurance and dental insurance and life insurance
Relationship between departmental and total facility budgets : Explain the relationship between departmental and total facility budgets - Explain what factors you used in making your decisions and the purpose of each selection.
Strategic behavior oligopolies : An interesting example of strategic behavior comes from the 1997 article regarding Microsoft's investment in Apple (New Straits Times, 1997). The article is included in Required Readings list.
What is the period of the water waves : A 2000kg vehicle is travelling down the road at 20m/s (45 mph) when it reaches an intersection. Between rubber and dry asphalt, the coefficient of friction is 0.80. What is the minimum distance necessary for the car to stop.
Discuss the organizational structure federal reserve system : Make a brief history of the FEDERAL RESERVE system and explain the organizational structure of this agency as well as the role the Fed has in drafting and implementing United State Monetary policy.
Explain what are the two chief considerations in analyzing : Explain What are the two chief considerations in analyzing survey data and How are statistics used to summarize survey data

Reviews

Write a Review

Business Management Questions & Answers

  Find the economic order quantity

If = 8,000 per month, = $45 per order, and = $2 per unit per month, find the economic order quantity?

  Managing a small business

What are some ways Celina could "compete" with other sellers in both the United States and Ghana

  Explain if your organization has gone through a change

Explain If your organization has gone through a change recently and then you might want to discuss whether or not a sense of urgency was established

  Measurement disfunction

Measurement disfunction - Can you describe any instances you have experienced or researched with "measurement dysfunction?"

  Example of decision making under uncertainty

What is an example of decision making under uncertainty and what do you do if your research results don't answer your research question?

  Changes in service and price in the airline industry

How would you characterize the U.S. airline industry in the early 1990's and how is it that Southwest Airlines has been able to consistently grow and prosper in the U.S. passenger airline industry

  Explain linear and non linear trend patterns

Linear increasing trend, nonlinear increasing trend and nonlinear decreasing trend. Which ones are easiest to forecast?

  Find the economical lot size for production

The famous Widget Company sells widgets at the rate of 80,000 units per year. Each widget sells for $100, and it costs 30 percent to carry widgets in inventory for a year. Find the economical lot size for production  of widgets?

  Show what are the limitations of the present study

What are the limitations of the present study and how might you change the study to make it a better test of the hypothesis?

  What good or service does the firm sell

What good or service does the firm sell and How should the firm alter the price of the good or service to increase revenues?

  What is the positive side of taking different personality

what is the positive side of taking different personality, basically want the up and down side of the different personality traits in the work place

  Explain about recognition policy

Explain about Recognition policy - Determnine the employee performance policy used by the original owner of the company.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd