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Budgetary control is defined as

If delegated responsibility for a budget, it can increase motivation. Which theorist does this link too?

Budget

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Answers

1
If delegated responsibility for a budget, it can increase motivation. Which theorist does this link too?
Taylor
Mayo
Herzberg
Maslow
2
Budgetary control is defined as
comparing the actual & planned results & investigating causes of difference
process of calculating variances and attempting to identify causes
a quantitative economic plan prepared and agreed in advance
3
If a manager must present reasons for spending, this type of budget is known as
Historical Budgeting
Zero-based budgeting
Production Budgeting
4
An advantage of zero-based budgeting is
Reduces independence of budget holder
More time efficient
Improves motivation
Reduces unnecessary spending
5
One purpose of a budget is
to allow management to monitor & set objectives/ targets
is used to assess the impact of price change
a case of reviewing previous years budgets
underestimate the importance of financial control
6
The difference between actual & budgeted figures is known as
Budgetary Control
Historical Budgeting
Variance
7
A budget is defined as
A budget is a forecast of the expected sales
A budget calculates the contribution
A budget is a financial plan agreed in advance
a budget is a plan
8
Types of Budgets include
Cost budget
Sales, cost & profit budget
Sales & cost budget
Sales & Profit budget
9
A key limitation of budgeting is
All budget holders know how to budget
It is a difference between the actual and budgeting outcomes
Problems may arise because they are not actual figures
Helps to plan for all outcomes