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Q. Show the Budgetary planning ?
A budget is a forecast and quantified plan of action. Budgetary planning creates a budget like a part of the planning process for the organisation. Budgetary control compares the budgeted results as a yardstick or target to actual results, to obtain any variances or deviations from the plan, this process of comparison can be used to take control action and bring actual results in line with the plan.
Budgets may assist in authorising expenditure, communicating plans andobjectives, controlling operations, coordinating activities and evaluating performance, planning and rewarding performance. Often reward systems involve comparison of actual with budgeted performance.
1. Monitor the performance of a team against given objectives 2. Recommend how to better performance against given objectives.
Q. What is Uncontrollable costs ? Uncontrollable costs General apportioned fixed overhead e.g. group overhead allocated or apportioned to divisions, which would not b
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groups and or teams will solve all the effectiveness and efficiency challenges facing the 21st century organisation
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Q. Neely's 4Cs in performance measurement 1. Check position e.g. where are we now? 2. Communicate position e.g. to internal and external stakeholders. 3. Confirm pri
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