Describe what is meant by participative budgeting and give an example of a benefit and a drawback.
What will be an ideal response?
Participative budgeting is the use of input from lower- and middle-management employees. Benefits may include: 1) enhancing employee motivation, 2) enhancing acceptance of goals, 3) providing information that enables employees to associate rewards and penalties with performance, and 4) yielding information that employees know but managers do not. Drawbacks of participative budgeting include: 1) managers often give inaccurate data when asked to give budget estimates, and 2) managers may build in extra expenses or understate revenue.
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According to Figure 2.2, imports for Canada total
a. 6 televisions. b. 8 televisions. c. 12 televisions. d. 16 televisions.
With regard to the United Nations Convention on Contracts for the International Sale of Goods (CISG) and the Uniform Commercial Code (UCC), which of the following statements is correct?
A. Unlike the CISG, the UCC does not require that an offer be stated with sufficient definiteness. B. Unlike the UCC, the CISG does not require that an offer be directed to a specific person or persons. C. Unlike the CISG, the UCC does not require that an offer indicate that the person making the offer intends to be bound by the agreement. D. Unlike the UCC, the CISG does not consider an offer sufficiently definite if it lacks price terms.
When project managers impose a solution to dysfunctional conflict after listening to each party, they are ________ the conflict.
A. Controlling B. Mediating C. Encouraging D. Arbitrating E. Eliminating
An investor banker is an independent securities company that sells securities to the public
Indicate whether the statement is true or false