Explain the following in 07-10 lines in relation to your hospital/organization.
a) Benefits of budget control
b) Cost Benefit Analysis
c) Purpose of Auditing
d) Hardware and Software
e) Use of calculator in computer
(a). Benefits of budget control
1. Budgets help managers in integrating personnel efforts within the organization towards a common goal. By properly appropriating adequate budgets to different activities within the organization, all activities can be synchronized and all efforts can be coordinated to achieve the organizational objectives.
2. Budgets act as controlling devices to correct any deviations. If the expenditures for a given activity exceed the allotted budget at any point in time, this will signal a deviation from the prescribed course, requiring attention and action by the management. If for example, a departmental manager is given a budget of $ 500 per month for specified supplies, he would be in a position to monitor and control the expenses for supplies.
3. Budgets help in the just measurement of performance. Due to quantification of budgets, the measurement of performance becomes more objective in nature thus eliminating biases that might be introduced due to subjective evaluations.
4. The budgeting process helps management learn from past experience. The management can critically look at the success or failure of the past budgets and isolate errors and analyze their causes and establish steps to be taken to avoid repetition of such errors.
5. The budgeting process induces the management to shift attention to the future operations. Since budgets are a part of the planning process, they force managers to anticipate and forecast the trends and changes in the external environment. For example, the airline industry, when allocating budgets, must keep in mind the future changes in the price of fuel that would affect the aviation industry.
6. Budgets facilitate communications throughout the organization. Budgets are the blue prints for the company’s plans of operations and can only be coordinated through proper communication at all levels and these budgets are specially helpful to lower-level managers who are responsible for implementing the budgets and the plans. They let these managers know how their operations relate to other units or departments within the organization. This improved communication reduces the risk of failure due to any miss-understanding.
7. Budgets help new people and lower-level managers see where the
__________ ___ ___ __________ ___ ______ _______ _____ _____ ____.
__________ _________ ______ ________ _______ _____ ____ __________ __________ ____ _________.
________ ___ _________ ____ ________ _________ ________ _______ _______ ________ __________ ______.
_____ __________ _____ __________ ___ _______ ______.
________ _______ __________ _____ ___.
____ ___ ___ _______ __________ __________ _____ ________ ______ _________ ___.
__________ _______ _______ ____ ________.
___ ___ _________ _________ ___ ______ ____ ___.
_________ __________ __________ ___ ___ ___ _________ _________ _________ _______ _____.
________ ___ ______ __________ _______.
________ _______ __________ _____ _______ _________.
________ ____ _________ ___ __________.
____ __________ ______ __________ ___.
__________ __________ ____ ________ __________ ______ ________ ____ _______ ___.
________ _______ _____ ____ _________ ____ _____.
____ _________ __________ _______ _________ ________ __________ ____ ____ _________.
_____ _____ ________ _______ ______ _______ _________ _______ _______ __________ ________ ____.
_______ _______ ________ __________ ________ ____ _______ _________ ___ ________ _______.
________ _________ _________ __________ _____ ____ _____ _________ ____ __________ ________.
__________ _________ _________ ____ __________ _____ _________ ________ ________ ______ ____ ______.
_________ _________ __________ ___ _____ __________ ______ ___ _______ _________ _______ __________.
_______ ______ ______ ________ __________ ______ __________ ______ ________.
_________ _________ ______ _________ _____ __________ ___ _________ ___ _________.
____ _____ ___ _____ ____ __________ __________ __________ ___ ________ ______.
___ _______ _______ __________ _____ _____ ____ _________ ______ ____ ________.
______ _________ ____ ___ ____ ______ _______ ____.
_______ ______ ___ ____ ______ ________ _____ __________ _____ ____ ______ ____.
_____ ______ _________ _________ ___ ____ _________ _______ _______ ______ __________.
____ __________ ___ ____ ______ _________ _______ _____ _____ ________.
________ ___ _____ _______ _____ __________ __________ ____.
_________ __________ __________ ______ _______.
________ ______ _______ _________ _________ ________ _______.
_____ ____ ______ __________ ____ ______ _______.
____ _________ _________ ____ _______ ______ _________ ___ ________ _________.
_________ _______ ____ _______ _______ _______ ___ ________ ______ _______.
____ ______ _______ ___ ________ __________ ________.
_____ _______ ____ _________ __________ _________ _____ __________ _________.
__________ ___ _________ ____ ___ ___ _______ _______.
_________ ____ _______ ______ _______ ________ ____ _________.
_______ ______ _________ ___ ________ _____ _______.
_____ _______ _____ _________ __________ ________ ______.
_________ ____ __________ _____ ___.
_____ ___ _______ ____ ________ _____ __________ __________ ______ __________ _________ _____.
_________ _______ _________ _____ _______ ________ __________ __________.
______ _________ ____ _________ ______ __________ __________ _________ ___ ___.
_______ _____ ____ ___ ______ ________ ________ ______ ________ _________ ____ ________.
______ _____ ________ _________ _______ _________ ____ _________ _________ ________ ___ ___.
________ ___ ______ __________ ___ ______ ______ __________.
_____ _____ ____ _____ _______.
______ _______ ____ ___ ________.
______ _______ ______ _________ _________ _____ ______ _____ ____ __________ _________ ____.
___ _________ _____ __________ ____ _________ ______ __________.
____ _______ ________ _______ _________ __________ ________.
_________ ________ _____ ____ __________ _______ ___ __________ _________ ____.
___ __________ __________ __________ _________.
_________ _______ _____ ___ _________ ____ ______ __________ ___ ___ _______ _________.
__________ _____ ________ ______ _____ ____.
___ ________ ______ ______ __________ ____ ___ ____.
_________ ________ _______ __________ _________ ______ _________ _____.
_______ _____ _____ _________ ______ _____.
____ __________ ______ ____ ______ ____ _________.
_________ ___ ________ _______ ______.
______ _______ _______ ______ _______ __________ ____ ___ _______ _______ _______.
_____ ___ __________ _____ ____ _________ ________ _______ __________ ____.
___ _________ ________ ______ ___ _______ ___ _______ ________ ____ ____.
______ ________ ___ __________ ________.
___ _______ _________ ___ __________ _______ ______ _________ _____.
________ ______ _____ _________ ______ __________.
_____ ____ ____ _________ ________ ____ ___ __________ _______ _______ ____.
_________ ________ _________ ___ ________ _________ __________ _______ _________ ________ ________.
__________ __________ ____ ___ ________ _______.
____ _____ _____ ________ _________ _____ ____ ___ ________ ______ __________.
_______ ___ __________ _________ _________ ______ ___ ________ _________ ___ __________.
_______ __________ _____ __________ _____.
____ ________ _______ ________ ___ ______ _____ ___.
____ ____ ___ _______ __________ _______ ____ ____.
________ ______ __________ ______ ______.
____ ___ _____ ______ __________ _____ ___ __________.
________ _____ ___ ______ ________ _________ ______ ________ _________ ______.
_____ _________ _______ ______ ___ ___ _________ ___ ___.
__________ ____ __________ ________ ___ _________.
_____ _____ __________ ______ ______ ______ ________ _____ ______.
- Solved Assignments
- Study Notes
- Guess Papers
- Question Papers
✓ Unlock up to 60% of the answer
✓ No payment required