Opponents of the traditional budgeting process argue that the process has to serve too many...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Opponents of the traditional budgeting process argue that the process has to serve too many purposes to be useful in any one particular discipline (e.g. allocating resources, financial planning, performance management, and setting operational targets.) They also argue that because compliance with budgets is often tied to compensation packages, there are often negotiations and biases during the budgeting process, and ethical dilemmas arise.
Counter these arguments by discussing at least two benefits of using traditional budgeting.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
