Essay by Bereketeab Yacob Yohannes Budget and budgetary control has being dealt with in different ways in literature‚ but basically there has being critics on traditional budgetary control as new issues raised with current more unpredictable global internationalized world markets. Virtually conventional budgeting has roughly some categories of criticism‚ one being that budgets by the time they are used their assumption are out-dated especially in rapidly changing environments‚ the second recurrent
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1. What is budgetary slack? What incentive do managers have to create budgetary slack? Budgetary slack is when “managers intentionally underestimate budgeted revenues or overestimate budgeted expenses in order to make it easier to achieve budgetary goals” (1020). Managers have an incentive to do this to give them a little more rope when dealing with the budget. By giving the budget some slack they can give themselves a little room in achieving their goals‚ rather than simply dealing with a hard
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CHAPTER I 1.1 INTRODUCTION Budget and budgetary control practices are undeniably indispensable as organizations routinely go about their business activities and operations. These organizations are constantly on the alert on how actual levels of performance agree with planned or budgeted performance. A budget expresses a plan in monetary terms. It is prepared and approved prior to a particular budgeted period and explicitly may show the income‚ expenditure and the capital to be employed by organizations
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QUESTION 1 – Budgeting Process and Budgetary Control I have been asked to advise two entirely different businesses about the benefits and problems associated with what is termed the “traditional approach to budgeting and budgetary control”. One of the businesses operates in a very stable and static market place‚ where there is little change in either products or demand year on year‚ whereas the other business operates in a very dynamic‚ rapidly changing‚ innovative environment. If my findings
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Motivation Evaluation In November 2009‚ Oprah Winfrey delivered the shocking news that she will end her show in September 2011. The Oprah Winfrey Show is viewed by 42 million viewers weekly‚ it was the number one talk show for 23 successive seasons‚ and it received numerous awards throughout its history. Oprah’s decisions to take on the show‚ stay the course‚ and ultimately to end the show was motivated by psychoanalytic‚ humanistic‚ and diversity motivations. Freud’s psychoanalytic view suggests
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IILUSTRATIONS - BUDGETES IILUSTRATION 1: PYE Ltd produces and markets a very popular product called P. The company is interested in presenting its budget for the second quarter of the year. The following information is made available for this purpose. 1. Its expects to sell 50‚000 bags of during the second quarter at a selling price of Rs 9 per kg 2. Each bag of P Requires 2.5 kgs of raw material Q and 7.5 kgs of raw material R. 3. Q costs Rs 1.20 per kg‚ R costs 20 paisa per kg
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Motivation Evaluation Renee’ Martin PSY 230 January 12‚ 2009 Axia College of the University of Phoenix Introduction For the assignment I chose President John F. Kennedy and his assassination and the choices and risks that he personally made that led to his assassination. I will explore the three common forms of motivation including psychoanalytical‚ humanistic‚ and diversity and how each role played a part in the President’s tragic and untimely death. President John F. Kennedy’s
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Motivation Evaluation PSY/230 Motivation Evaluation Motivation can help and hinder the choices an individual makes‚ sometimes simultaneously. People act and behave various ways and some people may never be understood or why may never be pinpointed. However‚ every action or behavior is an impulse of an experience or the potential of that individual. Whether it is to achieve a goal‚ better themselves‚ or gain success people will act or behave certain ways through their specific form of motivation
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Motivation Evaluation Axia College of University of Phoenix Henry Murray was active in developing a theory of motivation during the 1930’s‚ 40’s‚ 50’s and 60’s. He believed that a need is a potentiality or readiness to respond in a certain way under certain given circumstances. (Murray‚ et al. 1938‚ p. 124). Murray’s theory assumed that when a person lacks something it drives them and keeps them motivated. Murray’s theory classified needs into two categories:
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Motivation Evaluation Carrie Kurtz PSY 230 12/6/12 Wendy Conaway‚ Ph.D. The famous person that I chose to write about is Harrison Ford. Harrison Ford started off as a cabinetmaker. He did this job for fifteen years‚ just to make sure that he was able to pay his bills and put food on the table every day. Harrison Ford worked as a stagehand for The Doors‚ he built sound studios for Sergio Mendes‚ and he made cabinets for George Lucas. At the time George Lucas was not a well-known producer
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