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Write an assignment on the following topic within 400 words in Harvard reference style.

1.Explain how a budget can be used to evaluate a manager's performance and provide incetives. Discuss whether setting more challenging budgets would lead to improved performance.

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Budget setting to improve the performance of business managers is based on the relationship between project funding levels and the expected results from that particular project. It is a tool that allows the administrators to manage cost effective and efficient budgeting outlays. In today’s world where competition is sky high and where every effort maters it becomes important on the part of business organizations to keep an eye on the performances of their business managers to yield maximum result.

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