Define Operating Budgets and Financial Budgets

question 130

Essay

Define operating budgets and financial budgets. List the specific budgets which are operating budgets. List the specific budgets which are financial budgets.

---

Definitions:

Frances Hesselbein

An American expert on leadership who served as the CEO of the Girl Scouts of the USA and is known for her work in non-profit management and leadership development.

Power

The ability or capacity of an individual or group to influence or control the actions and outcomes within social or organizational contexts.

Legitimate Power

Authority that a person or a group holds that is accepted and recognized by others, often due to a formal position or role.

Reward Power

A type of power that comes from the ability to confer rewards on others for complying with one's wishes or directives.