Flexible and Static budget

Jul 18th, 2015
Anonymous
Category:
Calculus
Price: $5 USD

Question description

Just 400 words

This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

It has been brought to the attention of Krona’s executive management team that the department managers have not been held accountable for their individual department’s budget, which has contributed to increased costs and reduced profits. You need to complete the following:

  • Explain the steps of the budget-building process.
  • Define flexible and static budgets.
  • Describe the budget cycle, the decision problems, and the decision rules that may affect the relationships between the department and total facility.

Note: Emphasize the role that each department’s input plays into the budget and how it relates to their use of the budget in managing costs.


Tutor Answer

(Top Tutor) Studypool Tutor
School: UCLA
PREMIUM TUTOR

Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1829 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors