Question

If actual results do not measure up to budgeted goals, a manager should:

Answer 1

A manager should analyze the reasons for the variance, identify corrective actions, and communicate and coordinate with stakeholders.

Step-by-step explanation:

If actual results do not measure up to budgeted goals, a manager should take several actions:

1. Analyze the reasons for the variance: The manager should review the actual results and compare them to the budgeted goals. They should identify any discrepancies and determine the reasons for the variance.
2. Identify corrective actions: Once the reasons for the variance are known, the manager should come up with a plan to address the issues. This may involve adjusting future budgets, making operational changes, or implementing cost-saving measures.
3. Communicate and coordinate: The manager should communicate the variance and the proposed corrective actions to relevant stakeholders, such as their team, superiors, and other departments. Collaboration and coordination are crucial to implementing the necessary changes.