ALLRoundBest Tutor

(Exercise 6-13 – Revised) Select one of the following quotes from the text to discuss. Clearly state whether you either agree or disagree with the comment and support your opinion with at least one scholarly resource.  Include in your response an explanation of the major purposes of budgeting.  Your initial post should be 200-250 words.

• "One major criticism of budgeting is that it is used as a ‘cost reduction’ tool rather than a ‘cost control’ tool.  The objective of the budget is to control costs at an efficient level of operation."
• "There are generally three benefits from allowing employees to participate in developing the budget:  (1) Employees tend to accept the budget as their own plan of action.  (2) Participation tends to increase morale among employees and toward management.  (3) Employee cohesiveness is increased, and productivity will also increase if dictated by the group norm."
• "Even though budgets are quantitative tools, considerable emotion is connected to budgeting.  The individual in control often sees the budget as a means of getting things done.  People being controlled often have feelings of anxiety because their success and promotion are tied directly to the budget."

Guided Response:

Review several of your classmates’ postings.  Respond to at least two of your classmates who either have a different opinion regarding the quote you selected or who have selected a different quote. Challenge your peers by explaining why you agree or disagree with their explanation and pose a question to expand their thinking.  Provide examples to clarify and support your point of view.

Ashford 5: - Week 4 - Discussion 2

Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth of your responses. Reference the Discussion Forum Grading Rubric for guidance on how your discussion will be evaluated.

Using Chapter 7 of your text as a reference, define a standard cost and explain what constitutes the components of a standard cost.  Describe the advantages and disadvantages of a standard cost system and explain under what circumstances a standard cost system is most effective. Your initial post should be 200-250 words.

Guided Response:

Review several of your classmates’ postings noting the similarities and differences in the effectiveness of a standard cost system.  Respond to at least two of your classmates by sharing your professional experiences with standard cost systems or an additional example of when a standard cost system is best utilized.