Business Finance Homework Help

OU The Strength of The Business Process Discussion

 

I don’t know how to handle this Management question and need guidance.

  1. What does your organization consider to be the strengths of its budget process? What potential improvements or enhancements could be made?
  2. How important is the budget process within your organization? Do you consider the budget to be an effective tool in helping to improve the financial operations of your organization, why or why not?
  3. Are department or service line managers held accountable for performance relative to budget? If so, how?