Question & Answer: Despite the numerous advantages of budgeting, there are negative aspects to budgeting. Discuss the…..

Despite the numerous advantages of budgeting, there are negative aspects to budgeting. Discuss the potential problems associated with the use of budgets

Expert Answer

 

Budgeting is the process of creating a plan for expenditures. It helps in better decision making and alloting money properly. Though there are many advantages of budgeting, there are some disadvantages also which are as follows:

Don't use plagiarized sources. Get Your Custom Essay on
Question & Answer: Despite the numerous advantages of budgeting, there are negative aspects to budgeting. Discuss the…..
GET AN ESSAY WRITTEN FOR YOU FROM AS LOW AS $13/PAGE
Order Essay

1)Time Consuming: Budgeting process can take longer time if proper budgetary processes are not in place and managers don’t have experience in budgeting. It required several iterations which required time from management and managers.

2) Playing with numbers: Experienced managers can play with numbers to reduce the reduce the revenue and increase the expenditure so that they will be able to show better variances at the end of the period.

3) Spending all the budget: Managers expense all the allocated budget even if there is no requirement because of the thinking that if they don’t expend it they will loose it.

4) Strategic Rigidity: When a budget is created, the focus of the organization may become entirely to meet the budget and may lose focus on the market and cannot adjust to market shifts which may affect the company’s overall position in the market.

Grand Paper Writers
Order NOW For A 10% Discount!
Pages (550 words)
Approximate price: -

Our Advantages

Plagiarism Free Papers

All papers are written by the best professional writers to ensure 100% originality. We always provide plagiarism reports whenever we deliver completed papers.

Free Revisions

All papers by Grand Paper Writers are completed and submitted on time. This timely delivery of papers gives you time to go through the paper before the official deadline.

Title-page

As an additional service, we will provide a title page that precedes the contents of your paper. Here, you will provide your personal details.

Bibliography

We also ensure that we provide an extra page for the references or bibliographies following referencing rules.

Originality & Security

At Grandpaperwriters.com, we guarantee students for the provision of security and original work. All your personal information is handled with confidentiality and is not shared with third parties. Additionally, we ensure that we provide original content with accompanying plagiarism reports to show originality.

24/7 Customer Support

Our customer support team is always available 24/7 to provide instant responses to any queries raised by students.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Grandpaperwriters.com has the best professional essay writers for quality services.

Pricing

Flexible Pricing

Here, a Grandpaperwriters.com, we do not compromise on the time of our clients. We always deliver all completed papers on or before the deadlines.

Communication

Admission Help & Client-Writer Contact

Grandpaperwriters.com provides an interactive portal where students can communicate directly to their writers.

Deadlines

Paper Submission

Here, a Grandpaperwriters.com, we do not compromise on the time of our clients. We always deliver all completed papers on or before the deadlines.

Reviews

Customer Feedback

Grandpaperwriters.com appreciates feedback from our clients to help us improve the delivery of essay writing services. As such, we are constantly changing our policies to ensure maximum customer and writer satisfaction.