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Title: Management Control System Budgeting

Essay Details

Subject: Business
Author: Jewell S
Date: April 26, 2012
Level: University
Grade: B
Length: 7 / 1858
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

They therefore establish a more motivating climate for the employee. What's more, although many standards or controls are simply estimates of what should occur if certain assumptions are correct, they take on a precision in today's control systems that leaves little or no margin for error. Managers would be better off establishing a range rather than a precise number and changing standards as time passes and assumptions prove erroneous...

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Managers would be better off establishing a range rather than a precise number and changing standards as time passes and assumptions prove erroneous. This would be fairer and would positively motivate employees. There are three fundamental beliefs underlying most successful control systems. First, planning and control are the two most closely interrelated management functions...

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