Author Question: Behavior that is proscribed by the law is required, whereas that which is prescribed by the law is ... (Read 38 times)

jerry coleman · **on:** Jul 6, 2018

Behavior that is proscribed by the law is required, whereas that which is prescribed by the law is forbidden.

Indicate whether the statement is true or false

Question 2

Differentiate between a schedule and a budget.

What will be an ideal response?

sierrahalpin · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

FALSE

Answer to Question 2

For efficient planning and management, managers use schedules to time the application of people, resources, and activities important for carrying out the organization's goals. A schedule is simply a plan for performing work or specifying the expected sequence of activities. Such a plan is useful for specific projects as well as the ongoing operation of a department.
A budget, on the other hand, is a quantitative description of the activities that are planned for the future. Budgets can be financial and long term in nature such as the capital budget where managers estimate the costs of selecting, purchasing, and installing new property, buildings, or major equipment that the company can use to pursue its purposes. Budgets also can be measures of productivity where the amount of production, the number of worker hours spent, or other elements are tracked on a daily, weekly, monthly, quarterly, or annual basis.