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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.
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.
Flashcard info:
Author: Egregius
Main topic: BWL
Topic: Personalwirtschaft
School / Univ.: Universität Mannheim
Published: 11.03.2010