ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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managers to examine the relationship between their department’s operations and those of other departments to identify and resolve conflicts.
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relevant, accurate & timely reports of actual & budgeted positions need to be provided to all levels of management to enable performance to be monitored against the budget.
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top management communicates its expectations to lower level management
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None of the above
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Detailed explanation-1: -Upward Flow of Communication: Communication that flows to a higher level in an organization is called upward communication. It provides feedback on how well the organization is functioning. The subordinates use upward communication to convey their problems and performances to their superiors.
Detailed explanation-2: -Downward communication is the flow of information from a higher level to a lower level of an organization. It typically involves communication from a superior, such as a manager or supervisor, to a subordinate.
Detailed explanation-3: -Upward communication can instill a sense of mutual trust between upper management, lower management and employees. This is because lower-level employees trust that company officials will consider their suggestions.
Detailed explanation-4: -Focus On Impact, Not Process. Look To The Future, Not The Past. Know Your Numbers. Avoid Business Idioms. Get To The Point. Focus On Management’s Top Concerns. 19-Aug-2015