Ashford BUS 630 Week 4 DQ 1

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Budgeting Comments

 

(Exercise 6-13 – Revised) Select one of the following quotes from the text to discuss. Clearly state whether you either agree or disagree with the comment and support your opinion with at least one scholarly resource.  Include in your response an explanation of the major purposes of budgeting.  Your initial post should be 200-250 words.

 

  • "One major criticism of budgeting is that it is used as a ‘cost reduction’ tool rather than a ‘cost control’ tool.  The objective of the budget is to control costs at an efficient level of operation."
  • "There are generally three benefits from allowing employees to participate in developing the budget:  (1) Employees tend to accept the budget as their own plan of action.  (2) Participation tends to increase morale among employees and toward management.  (3) Employee cohesiveness is increased, and productivity will also increase if dictated by the group norm."
  • "Even though budgets are quantitative tools, considerable emotion is connected to budgeting.  The individual in control often sees the budget as a means of getting things done.  People being controlled often have feelings of anxiety because their success and promotion are tied directly to the budget."

 

Guided Response:
Review several of your classmates’ postings.  Respond to at least two of your classmates who either have a different opinion regarding the quote you selected or who have selected a different quote. Challenge your peers by explaining why you agree or disagree with their explanation and pose a question to expand their thinking.  Provide examples to clarify and support your point of view. 

 

Refrence:

 

Schneider (2012). Managerial accounting: Decision making for the service and manufacturing sectors. (2012). San Diego, CA: Bridgepoint Education.

 

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