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
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
举一反三
- _______________ is when budgets are formulated with the active participation of all affected employees A: Financial budgeting B: Team budgeting C: Participative budgeting D: Shared budgeting
- 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
- Research has shown that challenging budgets (rather than budgets that can be easily attained) are energizing and improve performance.
- Budgeting may usenonfinancial terms.
- 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.