Managers are often required to create a budget, from the perspective of management, answer the following...

Managers are often required to create a budget, from the perspective of management, answer the following questions:
1.
How can the process of creating a budget benefit a manager?
2.
For each activity a manager includes in a budget, should the activity be evaluated as a change from last budget period or with a blank slate?
a)
Pros and Cons of zero-base budget (blank slate)?
b)
Pros and Cons of updating last period’s budget?
3.
The budget communicates objectives across and organization, what is a benefit of this?
4.
What is the role of a budget in performance evaluation?
5.
What types of decisions are 5-10 years out that need to be budgeted?
6.
What is a sales budget? What items (information, data, opinions, circumstances, etc) contribute to the sales budget?

Expert Solution

ekkarill92 answered 1 year ago

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