1. Budgets should not be used to motivate and reward employees. 2. Budgets play an important communication role within organizations. They provide a mechanism for managers to share expectations and priorities for the future. 3. Budgets also provide useful benchmarks for evaluating and rewarding employee performance.
1. Budgets should not be used to motivate and reward employees. 2. Budgets play an important communication role within organizations. They provide a mechanism for managers to share expectations and priorities for the future. 3. Budgets also provide useful benchmarks for evaluating and rewarding employee performance.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 2DQ: Briefly describe the type of human behavior problems that might arise if budget goals are set too...
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True or False
1. Budgets should not be used to motivate and reward employees. |
2. Budgets play an important communication role within organizations. They provide a mechanism for managers to share expectations and priorities for the future. |
3. Budgets also provide useful benchmarks for evaluating and rewarding employee performance. |
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