what are the disadvantages to flexible and fixed budget?
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what are the disadvantages to flexible and fixed budget?
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- What are some potential problems with the top-down and bottom-up budgeting processes? What are some ways of dealing with these potential problems? In preparing a budget, what indirect costs should be considered?What is a flexible budget and how does it differ from a static budget?What is zero-base budgeting (ZBB)?
- Why is estimating operation and implementation costs in budgeting important?Why should the production requirements set forth in the production budget be carefully coordinated with the sales budget? What is participative budgeting?What are the primary challenges that organizations face when it comes to long-term planning, and how can they overcome these challenges?
- What strategies can organizations use to mitigate risks and uncertainties associated with external planning premisesWhat are the benefits and potential challenges of long-term planning versus short-term planning?What are the benefits and limitations of short-term versus long-term planning approaches?
- What is meant by a financial plan?What are the advantages and limitations of different types of planning methods, such as scenario planning or contingency planning?What are some of the most common challenges that organizations face when trying to develop and implement effective planning processes, and how can these challenges be overcome?