CLASS / COURSE: Economics
Please write essay on below topic. (It has to be in APA format with proper citations and references)
"Economic uncertainty requires more flexible budgeting systems - critically discuss."
Hints: This essay title is a statement not a fact. Therefore students should not aim to simply agree with the title of this essay. Student should analyse the academic literature and examine example of companies which have tried various budgeting systems. Including examples with proper references and citation is very important in this essay assignment. Student can create their own perspective in answering this essay. Student should not simply describe the various budgeting systems.
Introduction: 400 words (Introduction should be at least 400 words and cover answers to all questions given below)
1. What is budgeting?
2. What is economic uncertainty?
3. How does the economic uncertainty affected by budgeting?
Contents: 1600 words (Remaining analysis and content should be at least 1600 words and covering answers to all below given questions with at least 2 detailed examples of companies for each question)
4. Definition, advantage and disadvantage of Flexible budgeting system
5. Definition, advantage and disadvantage of Standard budgeting system
6. Definition, advantage and disadvantage of beyond budgeting system
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SUBJECTS / CATEGORIES:
2. Business Economics