Assume You Have Just Been Hired by a Large Manufacturing

Essay

Assume you have just been hired by a large manufacturing company and have been assigned to a team that has the responsibility of gathering the data for completing the company's operating budget.Your first assignment is to make the initial contact with the department managers who will be providing data to ensure that everyone involved knows the importance of preparing a realistic budget.The first manager you approach does not appear to know what an operating budget is and apparently is not interested in assisting your team in preparing a meaningful budget.Prepare a written memo to the managers explaining what the operating budget is, its components, and its importance.