Question Answer

What is the focus of the course taught by Ms. Strategy and Master Budget.
Jiebeth G. Bueno at Manila Business College?

What is a budget? A financial plan of the resources needed to carry out a task and meet financial goals.

What is the act of preparing a budget? Budgeting.

Who is the instructor for the course on Strategic Ms. Jiebeth G. Bueno.
Cost Management at Manila Business College?

What is the focus of Strategic Cost Management? Controlling a firm's activities.

What is the purpose of Budgetary Control? To control a firm's activities using budgets.

What is the purpose of budgetary control? To control a firm's activities using budgets.

What is the importance of strategy in budgeting? Strategy in budgeting helps align financial plans with the overall strategic goals of the
organization, ensuring resources are allocated effectively.

What is the timeframe for a Long Range Plan? 5 to 10 years.

What are Short Term Objectives? Goals for the coming period, which can be a month or a year.

What is the focus of Strategic Cost Management? Strategic goals and long-term objectives.

What is the focus of a Long Range Plan? Capital budgeting.

What does a Long Range Plan entail? Capital budgeting.

What does the term 'Short Term Objectives' refer Master budget.
to?

What is involved in the Short Term Objectives? Master budget.

What is the main focus of Strategic Cost Long Range Plan.

Management?

What is the focus of Strategic Cost Management? Managing costs to achieve strategic goals.

What are the long-term objectives in strategic cost Long-term plans and goals to achieve sustainable cost management.
management?

What is the purpose of a Master Budget? To coordinate and summarize all the company's budgeting activities.

What does Capital Budgeting involve? Planning and managing the company's long-term investment in projects.

How are strategic goals, long-term objectives, and Strategic goals guide the long-term objectives and plans to achieve them.
plans related?

What is a key requirement for budget preparation? The existence of a budget committee.

What is important to have in place for effective Budget guidelines.

budget preparation?

What is the first phase in planning your budget? Figuring out the strategic objectives you're aiming for.

What does the first phase of planning a budget Identifying the strategic objectives.
involve?

Why is it important to figure out the strategic To determine the goalposts and aims of the budget.
objectives in the first phase of planning a budget?

What is the second phase in planning your budget? Getting input from relevant people to decide how business activities will be performed.

Why is it useful to set specific targets in budget To guide the business activities and measure performance.
planning?

What is the purpose of getting input from relevant To involve stakeholders and gather valuable insights for decision-making.
people in budget planning?

What is the topic of the lecture? Strategic Cost Management.

What is the phase mentioned in the lecture? Third Phase.

Question Answer

What is the activity in the third phase of planning a Estimating the resources needed.
budget?

What is the fourth phase of planning a budget Providing each department with a detailed budget.
according to Ms. Jiebeth G. Bueno?

What is the course name at Manila Business Strategic Cost Management.

College?

What is the name of the instructor at Manila Ms. Jiebeth G. Bueno.

Business College?

What are the components of the Initial Budget Factors to Consider in Initial Budgeting, Internal Factors, External Factors.
Proposal?

What are some internal factors in strategic cost Introduction of new products, adoption of new manufacturing process, changes in product
management? design or product mix, changes in expectations, changes in other operating factors.

What is Strategic Cost Management? It is the process of reducing costs and improving the allocation of resources to achieve the
organization's strategic objectives.

What are some external factors that can impact Competitor’s actions, changes in labor market, availability of raw materials, and industry’s
Strategic Cost Management? outlook for the near term.

What is the name of the educational institution? Manila Business College.

Who is the instructor for the course? Ms. Jiebeth G. Bueno.

What is the focus of the course at Manila Business Strategic Cost Management.
College taught by Ms. Jiebeth G. Bueno?

What course is Ms. Jiebeth G. Bueno teaching at Strategic Cost Management.

Manila Business College?

What is the name of the college? Manila Business College.

Who is the instructor for the course? Ms. Jiebeth G. Bueno.

What is the focus of the course 'Strategic Cost Managing costs strategically to achieve business objectives.
Management' at Manila Business College?

Who is the instructor for the 'Strategic Cost Ms. Jiebeth G. Bueno.
Management' course at Manila Business College?

What is the name of the college? Manila Business College.

Who is the instructor for Strategic Cost Ms. Jiebeth G. Bueno.

Management?

What is the name of the college? Manila Business College.

Who is the instructor for Strategic Cost Ms. Jiebeth G. Bueno.

Management?

What course is being taught at Manila Business Strategic Cost Management.

College by Ms. Jiebeth G. Bueno?

Who is the instructor for the course 'Strategic Cost Ms. Jiebeth G. Bueno.
Management' at Manila Business College?

Who is the instructor for Strategic Cost Ms. Jiebeth G. Bueno.

Management at Manila Business College?

What course is being taught at Manila Business Strategic Cost Management.

College by Ms. Jiebeth G. Bueno?

Who is the instructor for the course? Ms. Jiebeth G. Bueno.