Negative effects of Building Slack into a Budget - Admission/Application Essay Example

Only on StudentShare

Extract of sample
Negative effects of Building Slack into a Budget

Limitation of Employees Evaluation Building slack into a budget undermines the fundamental objective of employee performances appraisal. Employees’ performance appraisals are always conducted to evaluate the efficiency of employees in terms of goals met within stipulated durations, work quality in terms of results yielded, and the stability of the employees’ personality at the work place. Whenever managers build slacks into the budget, they always ensure that they set targets and standards that serve their self-interest. In doing so, managers and employees always set low budgetary goals both at the organizational and the personal level against which performance appraisal will be conducted. Managers or subordinates involved in building budgetary slacks misallocate excess resources and funds for unwarranted tasks in order to mitigate any unforeseen expenditures that may stain their performance records. Results and decisions made on the basis of such flawed employee appraisal may undermine the overall performance of an organization. ...Show more

Summary

Negative Effects of Building Slack into a Budget (Institution’s name) 24th June 2013 Negative Effects of Building Slack into a Budget According to Warren (2012) the concept of budgetary slack refers to the practice of underestimating the amount of revenue to be generated or overestimating the amount of expenses that will be incurred by an organization within a given budget period…
Author : zemlakbuford
Save Your Time for More Important Things
Let us write or edit the admission/application essay on your topic
"Negative effects of Building Slack into a Budget"
with a personal 20% discount.
Grab the best paper

Related Essays

Essay on budget deficit
Organisation for Economic Co-operation and Development (OECD) has predicted that government debt will increase seriously by unmaintainable levels in advanced as well as emerging economies within next 25 years.
5 pages (1250 words) Essay
Budget Analysis
The process of budget preparation is often complex as it requires inclusion of various aspects of the financial nature an organization. Budgets are mostly prepared during the late periods of a given financial year in order to depict the costs of the intended programs by the planning committees of given organizations The main aim of this paper is to answer questions of what factors and consideration are taken into account while preparing a budget and future prospects of the budget.
5 pages (1250 words) Essay
The Negative Effects of Social Networking Sites on Teens
This paper will try to prove that social networking sites has negative effects on adolescent users. The main premise of the argument is that social networking profiles, which contain private, intimate, peer relations, and open self-disclosure, generates the risk of different online victimization for adolescent users.
8 pages (2000 words) Thesis
Preparing a Budget Request
The tax base of the town is 60% residential, 30% commercial and 10% industrial. The police in this town have ensured that law and order are maintained at all times. The diligence of the officers at my station has ensured that this town is grouped among those that are safest in the region.
4 pages (1000 words) Assignment
Capital Budgetting of Caledonia Products
Capital budgeting technique use to evaluate investment proposal with respect to their feasibility. Techniques like Net Present Value, Internal rate of return and / or Profitability index are applied to analyze from various perspectives with respect to cost and benefit if project undertaken.
5 pages (1250 words) Research Paper
Healthcare Budget
Basically, the operating budget would proportionate and apportion funds to various sectors of the hospital’s operations. But it is worth noting that the usefulness of the healthcare operating budget is only complemented and achieved if some of the key practices that hinder the successful and effective creation and monitoring of the operating budget are identified.
5 pages (1250 words) Term Paper
Budget
The common types of budget are performance budget, cash budget and budget fore cast. Performance budget is based on anticipated revenues and expenses that are anticipated to be incurred in the future (Millett, 2011). Cash budget predicts how the available revenues will be utilized to accomplish a project (Millett, 2011).
5 pages (1250 words) Assignment
Federal Budget Deficit
It is imperative that the government’s deficit is mainly financed by borrowing from the public through selling of bonds. In addition it can b financed by borrowing from the central bank. There are diverse budgetary deficits, which include revenue, budgetary, fiscal, primary and monetized deficits (The Moment of Truth, 7).
5 pages (1250 words) Essay
Discussion Question
This is because in most cases, future projections, strategies and plans of the company is embedded in their organizational goals. If for instance the company has any plans of making new acquisitions as a way of projecting their
2 pages (500 words) Term Paper
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT