Term
| which is not one of the 4 main reasons for budgeting: planning, communication, goal-setting, monitoring, evaluation |
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Definition
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Term
| which is not approved by management: strategic plans, forecasts, budgets |
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Definition
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Term
| what is the difference b/w authoritative budget and participative budget? |
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Definition
| Authoritative is top-down; participative is bottom up |
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Term
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Definition
| it is built-in "freedom to fail" |
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Term
| define "standard" in terms of budgeting |
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Definition
| a carefully determined price, quantity, service level, or cost |
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