What is the importance of budgets for organizations

Assignment Help Microeconomics
Reference no: EM131177228

Blueprint for Personal and Professional Growth

During this course, you have become familiar with a number of different types of budgeting and examined their preparation and uses. Consider the information you have been given. As a manager, you might not have to construct a budget, but you will be required to provide input in its creation or work with a previously constructed budget.

· What is the importance of budgets for organizations in today's global economy?

· There are many assumptions that go into the preparation of a budget. What are some of those assumptions and how will you gather reliable information to make more accurate assumptions?

· What budgetary skills do you need to possess to be an effective manager and what will you do to improve those skills? What resources will you consult for information?

· What did you learn in this course that is most important to your future as a manager? How will you apply your newly acquired knowledge in your profession?

· After taking this course, how will you approach your role as a manager differently?

Reference no: EM131177228

Questions Cloud

How many nonisomorphic unrooted trees are there : How many nonisomorphic rooted trees are there with five vertices (using isomorphism for directed graphs)?
Should the bradleys lease the land at that price : The Bradleys' are considering taking out a loan to increase their budget. For each dollar they borrow, how much additional profit would they make? If they borrowed an additional $1,000, would the number of acres of corn and tobacco they plant chang..
Explain the economic term economies of scale : 1. Explain the economic term ‘economies of scale'. 2. Explain both of the economic terms a) specialization of labor and b) specialization of capital.
Equivalent resistance between the terminals a and b : Find the equivalent resistance between the terminals a and b for the figure shown below.
What is the importance of budgets for organizations : What is the importance of budgets for organizations in today's global economy? What budgetary skills do you need to possess to be an effective manager and what will you do to improve those skills?
What does fomc stand for : What does FOMC stand for? What does it do as far as monetary policy? How is the FOMC formed?
Build a binary search tree for the given words : Build a binary search tree for the words oenology, phrenology, campanology, ornithology, ichthyology, limnology, alchemy, and astrology using alphabetical order.
How does using a framework enable an organization : How does using a framework such as resource-based view (RBV) or Porter's Five Forces enable an organization to achieve a competitive advantage, by implementing strategic HRM practices throughout the organization?
How many comparisons are needed to locate words : How many comparisons are needed to locate or to add each of the words in the search tree for Exercise 2, starting fresh each time?

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain two extreme demand and supply conditions

Some news reports have suggested that the proposed tax would increase cigarettes prices by $1.00 per pack and be paid by smokers (cigarette buyers). Using (separate) competitive supply and demand diagrams of the cigarettes market carefully show an..

  Confirm quantity and price results algebraically

Confirm your quantity and price results algebraically and calculate the price elasticities of demand in each market and discuss these in relation to the prices to be charged in each market.

  Describe if free trade can ever be fair justify the

many americans feel that their jobs at home should be protected and that free trade should be limited. however global

  What indictors are evident that there is too much or too

Currently, what indictors are evident that there is too much or too little money within the economy? How is monetary policy aiming to adjust this?

  Questions about how the economy works

A circular flow diagram that includes the government sector. For this part of your paper, you should include a description of the roles that each participant plays in the economy and how the different sectors interact in the markets.

  Aggregate production and gdp in turkey

What will the economic impacts of maintaining lower CO 2 emissions in the aggregate for the Turkish economy?

  Solve for the optimal bundle using lagrangian optimiation

Solve for the optimal bundle using Lagrangian optimiation, and sim­plify as much as you can. Don't forget to consider both interior and corner solutions.

  What is the effect of unemployment insurance on the natural

What is the effect of unemployment insurance on the natural rate of unemployment?

  Second-degree price discrimination is also known asblock

second-degree price discrimination is also known asblock rate setting.captures all consumer surplus.sets a different

  If part is treated for corrosion resistance it will cost

a low-carbon-steel machine part operating in a corrosive atmosphere lasts six years and costs 350 installed. if the

  A selfless person approaches jones and smith with a 100 and

a selfless person approaches jones and smith with a 100 and offers to sell it to the highest bidder but both the

  Adverse selection problem

John have many ice cream stores located across the nation. John does not like to work evenings and employee Marcy to work the store in the evening for $7.50 each hour.

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