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Topic: Business
Number of pages / Number of words: 5 / 1181
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In turn, managers can relate to the budget, and put forth greater efforts in achieving company goals.

3. Corporate managers at Citibank increased South East Asia’s profit goals by $4 million for 1984. They decided that Indonesia’s portion of the profits is projected to be between $500,000 and $1,000,000...


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They decided that Indonesia’s portion of the profits is projected to be between $500,000 and $1,000,000. Mr. Mistri, Citibank’s country manager for Indonesia, is faced with the problem of meeting expectations because the budget he made was already aggressive. He had set a high target in the first place considering growth and profits expected along with the risks involved...


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