According to, flexible budgets are advantageous because they reduce the chances of encountering unforeseen problems and take advantage of unexpected opportunities. Flexible budgets also help avoid overspend... More »

The benefits of participative budgeting include creating budgets that are more easily achievable and increased morale. This type of budget gives employees incentive to make sure the company stays within financial limitat... More »

United Services Automobile Association offers travel benefits for car rentals, air travel, hotels, tours and travel insurance. has a goal-planning tool to help with vacation planning; a get-ready checklist for p... More » Geography

The major advantage of union strikes is that they allow workers to protest action by an employer that they feel is unfair without the risk of firing or punishment. A disadvantage of strikes is that they can cause financi... More »

The ability to acquire different skills or greater depth of knowledge from off-the-job experts is a primary advantage of off-the-job training. In some cases, the people most equipped to prepare a worker for optimum perfo... More » Business & Finance Business Resources Managing a Business

Money is a useful tool for motivating employees, but results can be mixed and unexpected, including the advantage of boosting production and the disadvantage of encouraging possibly unethical behavior. It is wise to rese... More »

The main advantage of a Gantt chart is that it makes it easy to understand the steps required to complete a project, thus enhancing organization and improving the chances of success. Its major pitfall is its potential to... More »