Explain limitations of budgets, Operation Management

Assignment Help:

Explain limitations of budgets.

Limitations of Budgets:

(i) Since budget is based on calculates approximately, that is, estimated sales, estimated business conditions and estimated costs. It may require periodic revisions since estimates may not come out to be percent true.

(ii) A budget may not work when the idea of budgeting is not sold appropriately to different sections of the business. Only the persons working in various sections can make an established budget, a success. Therefore, it should be a cooperative budgeting.

(iii) A budget cannot work till the desire to make this work is established in the minds of persons working in the various sections of a business concern.


Related Discussions:- Explain limitations of budgets

Explain what laws are applicable to this fact pattern, Marie wrote Ray a ch...

Marie wrote Ray a check for landscaping her front lawn. Marie paid Ray in advance. The check was dated for five days later than the date of issuance. Ray was supposed to start land

I have some charts that i need help to put it in excel, I have soem charts ...

I have soem charts that were done i word how do I gt them to you for someone to put in excel for me

Why benefits are strategically important to employers, Why benefits are str...

Why benefits are strategically important to employers, and what are some key strategic considerations?

Explain why do you think unionism is on the wane, Why do you think unionism...

Why do you think unionism is on the wane? Do you think unions will ever regain their membership strength and political influence? What impact might this decline have on the America

Describe the terms entity and relationship, Explain the terms entity, relat...

Explain the terms entity, relationship, and attributes. Describe how they are used in a database.

Explain employee for a top management position, Which would be the required...

Which would be the required qualifications to consider an employee for a top management position?

Explain milestones important when implementing major change, Why is the cel...

Why is the celebration of milestones important when implementing major change? Explain your position

Explain the risk evaluation process, Discuss and describe the risk evaluati...

Discuss and describe the risk evaluation process in a simplified approach.

What is the mixed strategies range, For the given matrix, what is the mixed...

For the given matrix, what is the mixed strategies range , Bob could make use  to dominate Middle ? Assume three Offices (A, B, and C) in downtown,  simultaneously decide whethe

What is grapevine, What is Grapevine? Ans: Grapevine is an informal ...

What is Grapevine? Ans: Grapevine is an informal communication system.

Write Your Message!

Captcha
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