Question

1. What information is provided by the budget? Specifically, what questions can the bank manager ask of the Operations Department

manager?
2. What information does the static budget fail to provide? Specifically, could the budget information be presented differently to
provide even more insight for the bank manager?

Answer 1

Some of the information provided by the budget is...

fixed costs - items such as rent, salaries and financing costs

variable costs - including raw materials and overtime

one-off capital costs - purchases of computer equipment or premises, for example

Some interview questions include:

What would you say is your leadership style?

You have an underperforming team member–how do you handle that?

Your team's morale has been low–how would you go about fixing that?

Tell me about a past project that did not go as planned.

2. One key disadvantage of a static budget is that it is not flexible and so it cannot be changed to take advantage of changes in revenue or expenses as the year proceeds. With a static budget, companies cannot manage the impact of changes, for example, by decreasing a portion of the budget in response to slow sales.

Step-by-step explanation:

Hopefully this helps!