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Title: Participative Budget

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Subject: Business
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Date: June 22, 2001
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Length: 9 / 2650
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How does management make its sales forecast? Previous market share, Anticipated advertising and promotion, General economic conditions, Industry trends, Market research studies, Price changes, Technological developments, Managerial Accounting – In Class Notes – Chapter 9 1...

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How does a budget relate to the three management functions (planning, directing/motivating, and control)? 2. What are the benefits of budgeting? 3. How does budgeting differ from long-range planning? 4. What is participative budgeting? What are the advantages and disadvantages? 5...

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