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All main topics / BWL / Personalwirtschaft / Management II
73
What are operating budgets?
(Output Control)

Blueprints state how managers intend to allocate and use the resources they control to attain organizational goals effectively and efficiently.

- Each division is evaluated on its own budgets for cost, revenue or
profit.
- Managers are evaluated by how well they meet goals for controlling costs, generating revenues or maximizing profits while staying within their budgets.
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Flashcard info:
Author: Egregius
Main topic: BWL
Topic: Personalwirtschaft
School / Univ.: Universit├Ąt Mannheim
Published: 11.03.2010

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