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You have recently accepted a position as a manager with Athletic Academy.At a recent managers meeting, the controller asked for input on how to make the budgeting process more effective.Specifically, the controller indicated that the employees did not seem to be committed to the budget during the previous period.Unfortunately, none of the managers reached their targeted sales projections for the previous period.
Required:
Explain to the other managers what method the company apparently used in the previous period and why the method created the lack of commitment.Also discuss flaws if the alternative approach to budgeting is used.
Permeability
An indicator of the ease with which fluids can flow through a material with pores or a rock.
Natural Cement
A type of material formed when certain natural rocks with hydraulic properties are finely ground and then mixed with water, initiating chemical reactions that result in a hardened substance.
Porosity
The measure of void spaces in a material, such as rock or soil, often expressed as a percentage of the total volume.
Natural Cement
Material formed when certain minerals dissolve in water and then precipitate, binding sediment grains together into a solid mass.
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