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What
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Supervision tips and free resources. A good resource for answers to
management and supervision situational questions.
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Budget
and Cost Control
Budget
- What is a budget?
- Your assignment is to assist the line organization to prepare
the budget. A number of the line supervisors are new. What steps will you take
to introduce the line supervisors to the process?
- Provide us with an example of how "zero-based
budgeting" would apply to the staffing in your organization.
- What is the difference between a capital budget and an expense
budget?
- Name some typical operating expenses.
- Why is it that the direct salary paid to an employee does not
represent the total cost of the employee to the organization?
- What experience have you had in developing a budget?
- What is the purpose of a budget?
- What are the steps involved in preparing a budget?
- What is zero-based budgeting?
- Have you conducted a budget review?
- Define the internal rate of return.
- How may the internal rate of return be used in capital
budgeting?
- What are the benefits of budgeting?
- How would you prepare a cost/benefit analysis for an automation
system?
Cost Control
- What are some of cost-cutting steps you could take to
reduce fleet expenses?
- Your expenditures for office supplies have increased by
50% over the past two years. What steps will you take to determine the reason for the
increase?
- What is the relationship between a cost accounting system and
a budget?
- What benefits does a cost accounting system provide?
- You have been asked to recommend some criteria for reducing
the budget. What criteria will you recommend for reducing the budget?
- You have been asked to reduce the information technology
budget. How will you do this?
- You have been asked to reduce the training budget. How
would you determine the reductions?
- Your expenditures for office supplies have increased by
50% over the past two years. What steps will you take to control and reduce expenditures?
- Overtime expenditures have increased over the past year. Yet,
the workload has not increased. What steps will you take to control overtime?
- You have been asked to reduce the staff for your
organization by 10%. How will you go about this?
- Cost reduction is often associated with budget reductions.
What are some positive means of reducing costs?
- What are the factors involved in a cost/benefit analysis?
- What are the potential pitfalls when the variances of budget
versus actual expenditures are expressed only as percentages?
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