Hodges & Haywood, Inc. decided that it wanted to downsize by reducing the number of middle managers employed by the firm by 10 percent over the next 3 years. This decision should be specifically detailed in the __________ budget.

Question

Quizplus · Accepted Answer

The decision to reduce the number of middle managers, which directly impacts the workforce, should be detailed in the labor budget. The labor budget is used to plan and control the costs associated with the workforce, including salaries and wages.