Most organizations provide a standard budget for every department, which must be spent during the fiscal year, usually in mid-May. A department forfeits any unspent amount. Every department's annual allocation depends upon the previous year's allocation. Is this an efficient allocation procedure? Are there more efficient allocation rules?

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The Answer of Most organizations provide a standard budget for every department, which must be spent during the fiscal year, usually in mid-May. A department forfeits any unspent amount. Every department's annual allocation depends upon the previous year's allocation. Is this an efficient allocation procedure? Are there more efficient allocation rules?

Most Organizations Provide a Standard Budget for Every Department, Which