Budget 2 Flashcards
Due to budget _______ , I’m afraid we can’t hire anyone right now.
constraints
I know we have a _____ budget, but I know this would be money well spent.
tight
We had a budget ________ last year, so we need to be conservative with spending this year.
deficit
If we _________ the advertising budget now, we will pay for it later on with lower sales.
slash
Our last project was _______ budget. Can’t we use the extra money earmarked for that?
below
There’s ___ ______ in the budget for a huge expenditure like that.
no room
Have you ever had just enough money in your budget to pay for everything?
You’ve had a tight budget
Have you ever not bought something because you had a budget limit?
You didn’t buy it due to budget constraints
Do companies sometimes make big budget cuts?
They slash their budgets
Have you ever finished a project under budget?
You finished the project below budget
Is there enough money in your budget to fly all of us to Hawaii first class?
Sorry, I think there’s no room in the budget for that
Do companies spend more than they budgeted for a year?
Yes, they usually have a budget deficit
Do companies ever spend less than they planned?
That is unusual, but when it happens it’s a budget surplus
Do companies have extra money after the project?
Yes, they end up with a budget surplus
Are your kids’ schooling your biggest monthly expense?
Yes, they are my biggest expenditure
Do you have some money set aside for a future expenditure?
Yes, that money is earmarked for a trip to Patagonia
Is replacing windows a good way to spend your money if they are broken?
Yes, it’s money well spent.
If someone doesn’t have a lot of money, do they need to be careful about spending?
Yes, they should be conservative with their spending
In a budget negotiation, do you have to give reasons why you need funds?
Obviously, I have to argue for the funds
Will the other person also argue for an increase?
Normally they argue against me trying to get the increase.
Should everyone in the negotiation know what everyone’s position is?
Everyone should know where everyone stands
If you ask for too much in your budget negotiation, is it possible you won’t get any increase?
So, my recommendation is not risk getting no increase. You should come to terms with the budget solicited.
If one department asks for a budget increase, is it possible that other departments will get a smaller budget?
One department’s budget increase may impact the budgets of other departments
Does the other person then present arguments against it?
They present their counterargument
If you propose one amount, will the other person propose a different amount?
They will make a counter-proposal
That amount is impossible. We can’t do it.
It’s not possible. It’s out of the question.
It’s not what I want, but it’s OK.
I can live with it.
Are you able to balance your work and your private life?
Sometimes it’s hard, but it’s important to find a life-work balance.
In a budget negotiation, can you ask what amount the other person is thinking of?
Yes, we normally ask “What amount did you have in mind?”
Do you want to talk about issues that might cause an argument?
You probably want to talk about contentious issues
To get something during a negotiation, do you sometimes also have to give something?
Normally you have to make concessions
