Economics · Beyond Budgeting Framework
Which of the following statements aligns consistently with the core management principles and underlying philosophy of the 'Beyond Budgeting' framework?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Operational managers must remain strictly accountable for hitting negotiated fixed budget baselines irrespective of dynamic market fluctuations.
- 2Operational capital resources should be distributed on an annual cycle following incremental adjustments to historical expenditures.
- 3Performance evaluation should rely upon relative success indicators against external market benchmarks instead of rigid, static internal targets.✓
- 4Traditional budgets must be substituted with a set, strictly monitored annual financial master plan.
Correct answer
Performance evaluation should rely upon relative success indicators against external market benchmarks instead of rigid, static internal targets.
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