Briefly describe the attributes of an ideal budgetary system. What features of budgeting have been identified that encourage positive behavior?
An ideal budgetary system is one that achieves complete goal congruence and at the same time creates a drive in managers to achieve the organization's goals in an ethical manner. Features that encourage the positive behavior that would move the firm closer to an ideal budgetary system include:
Frequent feedback on performance
Monetary and nonmonetary incentives
Participative budgeting
Realistic standards
Controllability of costs
Multiple measures of performance
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You have been given the responsibility of introducing a guest speaker, Professor Wilson Gray, at one of your college events. Which of the following is the most appropriate way to begin the introduction? A. The speaker for this evening needs no introduction. B. I give you Professor Wilson Gray, a highly qualified professor in the field of Humansciences
C. Our speaker for the evening has written two highly-acclaimed books in the field of Humansciences. D. Without further ado, I present Professor Wilson Gray.
Denise is a promoter for a proposed corporation, EVR-Young Corp As promoter, she signed a three-year lease to rent office space in an office park. She signed her name and indicated below her signature she is signing as "promoter for EVR-Young Corp, a
company yet to be incorporated." EVR-Young is never incorporated. The lessor believes that Denise is personally liable for any damages it will sustain as a result of the three-year lease having to be breached. Is Denise personally liable? Explain.
The cafeteria manager in the school lunch room has to keep track of all the lunches that are sold each day. For a five-day period, the numbers of lunches sold were 132, 156, 102, 158, and 175. What is the total number of lunches sold for the week?
Documenting position sensitivity enables security personnel to prioritize their activities in accordance with the possible risk and loss.
Answer the following statement true (T) or false (F)