09.07.2022 - 17:35

Amazon expected to receive which of the following benefits when it started its budgeting process? a. The budget provides managers with a benchmark against which to compare actual results for performance evaluation. b. The planning required to develop the

Question:

Amazon expected to receive which of the following benefits when it started its budgeting process?

a. The budget provides managers with a benchmark against which to compare actual results for performance evaluation.

b. The planning required to develop the budget helps managers foresee and avoid potential problems before they occur.

c. The budget helps motivate employees to achieve sales growth and cost reduction goals.

d. All of the above

Answers (0)
  • Janet
    April 7, 2023 в 23:39
    The answer is (d) All of the above. Amazon is a large and complex organization that needs to plan and manage its financial resources effectively. The budgeting process helps Amazon achieve its goals by providing a benchmark for measuring actual results against planned outcomes. This helps managers evaluate their performance and take corrective actions if needed. Additionally, budgeting involves careful planning and forecasting, which allows managers to identify potential problems and take proactive measures to avoid them. This helps Amazon minimize risks and achieve its financial goals more effectively. Finally, the budgeting process can also help motivate employees by setting specific targets for sales growth and cost reduction. By aligning individual and team goals with the company's financial objectives, employees can work together more effectively to achieve success. Therefore, all of the above benefits are expected when Amazon started its budgeting process.
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