What are examples of budget gamesmanship that may occur in a company, and how can the gamesmanship be reduced?
What will be an ideal response?
Answers will vary.
Budget gamesmanship includes introducing slack into the budget (by setting cost standards at an easy level that does not pose a challenge for managers) or lowballing (setting sales estimates at a low level). Gamesmanship can be reduced if superiors and subordinates participate in setting mutually agreeable, attainable standards.
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If Hillary Clinton had become the President of the United States, it would have been an example of ______.
a. breaking through a glass ceiling b. falling off a glass cliff c. role incongruity d. being helped by a man (her husband)
Information ____________ is a broad term encompassing the protection of information from accidental or intentional misuse by persons inside or outside an organization.
Fill in the blank(s) with the appropriate word(s).
A furniture retailer has a beginning-of-year inventory (at cost) of $400,000; ending inventory (at cost) is $270,000 . Yearly purchases are $700,000 and transportation charges equal $5,700 . The retailer's cost of goods sold is _____
a. $570,000 b. $575,700 c. $835,700 d. $1,105,700
An increase in collection efforts by a firm will result in ________ in sales volume, ________ in the investment in accounts receivable, ________ in bad debt expenses, and ________ in collection expenditures
A) an increase; a decrease; an increase; a decrease B) an increase; a decrease; a decrease; an increase C) an increase; a decrease; an increase; an increase D) a decrease; a decrease; a decrease; an increase