Which TWO of the following are principles underlying the Beyond Budgeting approach?
A: Goals should be based on fixed, cascaded targets
B: Move towards accountable teams avoiding hierarchical control
C: Use traditional budgeting in conjunction with other techniques
D: Use adaptive management processes rather than the more rigid annual budget
A: Goals should be based on fixed, cascaded targets
B: Move towards accountable teams avoiding hierarchical control
C: Use traditional budgeting in conjunction with other techniques
D: Use adaptive management processes rather than the more rigid annual budget
举一反三
- Budgeting has been criticised extensively by the Beyond Budgeting Round Table(BBRT).Which one of the following is not a criticism of traditionnal budgeting by the BBRT? A: Budgets protect rather than reduce costs B: Budgets focus in sales targets rather than customer satisfaction C: Managers do not give budgeting enough of their time D: Budgets discourage innovation and initiative
- Which of the four “misleading prescriptions” can be seen as part of a process of decision making ? A: Corporations should invest in all opportunities where probable returns exceed the cost of capital B: Better quantification of future uncertainty and risk is the key to more effective resource allocation C: Planning and capital budgeting are two separate processes --- capital budgeting is a financial activity D: Top management’s role is to challenge the numbers rather than the underlying thinking.
- Which is a better choice of word in<br/>scientific writing? A: use “initiate”<br/>rather than “begin” B: use “first”<br/>rather than “firstly” C: use<br/>“component” rather than “part” D: use “utilize”<br/>rather than “use”
- Which one of the following terms is defined as the management of a firm's long-term investments? A: working capital management B: financial allocation C: agency cost analysis D: capital budgeting
- Which of the following method should we use when dealing with experiments with more than one factor? A: Best-guess B: Factorial experiment C: One-factor-at-a-time D: Blocking