Why is estimating operation and implementation costs in budgeting important?

Q: How can one estimate cannibalization? Financial managers usually work closely with marketing and…

A: When estimating cannibalization, which refers to the potential reduction in sales of an existing…

Q: What is the most effective, Authoritative, or Participative Budgeting or combination of both?

A: Authoritative: Reasonable demands and a high level of attentiveness are features of authoritative…

Q: What are your thoughts on a concept/ process of "budgetary control" in context of operational…

A: As per Bartleby guidelines, we can only solve one question. Please upload the other questions…

Q: Which one of the following budgets would be prepared fırst? O Sales budget O Cash budget O Budgeted…

A: The correct answer is

Q: Explain in brief the concept of Iterative Budgeting?

A: Budget is the estimate for all the cost and expenses incurred. It helps in getting an idea of cost.

Q: Other than the lack of implementation associated with comprehensive/master Plans, what other two…

A: Comprehensive planning or Master Planning refers to a planning process in which the goals and…

Q: How can organizations align their long-term strategic goals with short-term operational plans to…

A: Organizational management refers to the process of planning, organizing, leading, and controlling…

Q: Explain the importance of financial management in the context of strategic planning.

A: Organizations function in an environment which keeps on changing. It is important to consider all…

Q: Explain how the objectives of a business will translate in to targets and budgets? f

A: The primary objective of every organization is to achieve the goals and objective with the help of…

Q: How can management plans and policies satisfy the business' demands and provide the company with a…

A: Management of businesses is vital for managing, monitoring, defining and supervising staff in all…

Q: types

A: A budget Is a method where the revenue and the cost for a specified period of time are estimated. It…

Q: What are the various ways of measuring the performance of an organization so that it can be tied to…

A: Budget allocation refers to the process of distributing an organization's financial resources among…

Q: Why is it important to have senior executive assistance while implementing an indirect spend…

A: Frequently, companies pursuing integration aim to achieve a strategic edge by balancing expenses…

Q: Discuss the importance of strategy and its role in the master budgeting process

A: Strategic management helps a decision-maker to get equipped with management tools or anticipating…

Q: what are three benefits of strategic asset allocation?

A: Strategic asset allocation is a long-term investment strategy that involves determining the…

Q: Object Policies Procedure / rule rogramme / obje Strategy Budget

A: In order to commit to a certain course of action, you must have a plan. As a result, several…

Q: Describe and differentiate between planning, execution, and per- formance management tools.

A: Companies' performance depends on the efficiency of the employees and every other factor in the…

Q: Discuss how would go about implementing the allignment of budget to each strategy mentioned above…

A: The organization's primary objective will be to have a proper flow of business process, and to…

Q: Which is more important- planning or controlling? How are they different? What is a break-even…

A: Management is an important component of an organization. It helps in getting the work done. There…

Q: Explain what happens during the cost budgeting process.

A: A budget can be defined as a plan which is used by the organizations in order to control its…

Q: What is budgeting for resort facilities? explain with examples as it relates to St. Kitts Marriott…

A: Budgeting is the process of creating a plan for how to allocate financial resources over a period of…

Q: gement accountants support

A: Profitability is the primary target of any individual who is an entrepreneur, chief, or "C" suite…

Q: Explain the principles behind lifecycle costing and briefly state why Fisher in particular should…

A: Life cycle costing is a multi-disciplinary movement. An expert, engaged with life cycle costing,…

Q: Discuss the concept of budgeting as a key component of the planning process. How can budgets be used…

A: Budgeting in management refers to the methodical process of planning, preparing, and controlling an…

Q: In today's current economy as budgets shrink, organizations have to make tough decisions about…

A: Note: “The answer has been framed in a generalized manner”Training and development programs include…

Q: What would be things that a company would adjust to get the operating budget aligned?

A: An operating budget is a financial plan that outlines a company's expected revenue, expenses, and…

Q: Analyse budget contingency and three reasons it might be useful to be added to the budget.

A: Budgeting is often used by management as a tool to plan for future activities. A budget helps…

Q: what is Risk Administration in strategic management with example

A: In today's business environment, risk management is a crucial aspect of strategic management. Risk…

Q: Planning is an indispensable process that plays a pivotal role in the success of any endeavor, be it…

A: Planning is a methodical  process of setting  pretensions, defining the strategies and tasks  needed…

Q: Planning involves a lot of money, Is it meaningful? Explain.

A: Planning is the process of identifying objectives and coming up with practical solutions to achieve…

Q: Discuss one benefit and one challenge a manager might face if using Flexible budgeting

A: Flexible budget is is a budget based on estimation, it can change as per requirements. If an…

Q: Every manager makes three decisions when carrying out the financial Functions. Justify their…

A: Investment, finance, and dividend selection are the three main financial operations-related concerns…

Q: Differentiate between strategic, tactical and operational planning within an organization and…

A: This question is related to the topic-Business strategy and this topic falls under the operations…

Q: What are the different types of plans commonly used in organizations, such as strategic plans,…

A: In organizations, planning plays a crucial role in setting objectives, allocating resources, and…

Q: Please explain what budget narrative is and why it is important.

A: Budgeting is the process of creating a plan to spend money. This spending is called the budget.…

Q: When should you present your portfolio to an employer?

A: A portfolio consists of all those accomplishments of the individual which he/she had achieved in his…

Q: Differentiate among master, operating, and financial budgets.

A: A master budget is an aggregate budget of all the small budgets in the company. It includes…