Discuss specific ways managers can encourage ethical behavior.

(c) Discuss the ways in which budgets and the budgeting process can be used to motivate managers to

endeavour to meet the objectives of the company. Your answer should refer to:

(i) setting targets for financial performance;

(ii) participation in the budget-setting process. (12 marks)

(b) Discuss how the operating statement you have produced can assist managers in:

(i) controlling variable costs;

(ii) controlling fixed production overhead costs. (8 marks)

A、Ratios analysis can be done in different ways, depending on the type of firm or industry and the specific needs of the user.

B、Trend analysis can be done in different ways, depending on the type of firm or industry and the specific needs of the user.

C、Financial analysis can be done in different ways, depending on the type of firm or industry and the specific needs of the user.

D、None of the above.

A．Suancai

B．Jiaozi

C．Niurou

D．Mianbao

A、Identify employees’ weaknesses

B、Provide positive feedback on what employees are doing

C、Discuss future development goals

D、Work out ways to overcome employees’ weaknesses