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SOP and Proposed Questionnaire

This study aims to determine the impact of budgeting on the performance of small businesses in Batangas City, Philippines. It will examine the demographic profile of businesses and their budgeting practices. It will also evaluate how budgeting affects financial performance, managerial performance, and budgetary performance. The study seeks to understand if there is a relationship between budgeting and business performance. It will identify challenges small businesses face in budgeting and propose strategies to improve performance through budgeting.

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Hannahbea Lindo
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371 views7 pages

SOP and Proposed Questionnaire

This study aims to determine the impact of budgeting on the performance of small businesses in Batangas City, Philippines. It will examine the demographic profile of businesses and their budgeting practices. It will also evaluate how budgeting affects financial performance, managerial performance, and budgetary performance. The study seeks to understand if there is a relationship between budgeting and business performance. It will identify challenges small businesses face in budgeting and propose strategies to improve performance through budgeting.

Uploaded by

Hannahbea Lindo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Statement of the Problem

This study aims to determine the impact of budgeting on the performance of small-scale
business in Batangas City.
The researchers must answer the following questions in order to obtain the necessary
data:

1. What is the demographic profile of business in terms of:


1. 1. Age of Business;
1. 2. Business Size;
1. 3. Respondent’s position within the Business?
1.3.1. Owner and Manager;
1.3.2. Owner but do not manage;
1.3.3. Manager but not owner.
1.4. How often do small businesses budgets?
1.41. Monthly;
1.4.2. Quarterly;
1.4.3. Semi-annually;
1.4.4. Annually.
2. How does budgeting affects the business:
2.1. Financial Performance;
2.2. Managerial Performance;
2.3. Budgeting Performance.
3. Is there any significant relationship between budgeting and business performance?
4. What are the difficulties and challenges those small-scale businesses may encounter in
budgeting?
5. Based on the findings, what budgeting strategies can be proposed to business owners in
order to improve business performance?
THE IMPACT OF BUDGETING ON THE PERFORMANCE 

OF SMALL-SCALE BUSINESSES 

IN BATANGAS CITY

Greetings!

We, third-year Accountancy students from the University of Batangas. We are currently
conducting research to partially fulfill our course requirement.

If you are a manager or owner of a business, it would highly be appreciated if you could spare
some time to participate in this research by answering the questionnaire. The purpose of this study is to
figure out the impact of budgeting on the performance of small-scale businesses.

Rest assured that all answers will be treated anonymously and confidentially and are only used
for the purpose of this research study.

Thank you very much for your time and effort!

The Researchers,
Agno, Rachel Joy
Delgado, Alexandra
Lindo, Hannah Bea
BSA3-4
Part A: General Information

This part of the questionnaire seeks information about your business general information. Please (/)
the appropriate answer for the following:

i. My position within the business:


___ Owner and Manager
___ Owner but do not manage
___ Manager but not the owner

ii. The year your business started its operation:


___ 1-3 years ago
___ 4-6 years ago
___ 7-9 years ago
___ More than 10 years ago

i. Business Size (Number of Employees):


___ 1- 25 employees
___ 26-50 employees

ii. We make a budget:


___ Monthly
___ Quarterly
___ Semi-annually
___ Annually

Part B: Business Performance

In this part, the researchers seek to find an answer to: “How does budgeting affect the
business?”.

I. Financial Performance

The following portion of the questionnaire asks about your business’s financial performance.
Please use the scale below:

1 – Strongly Disagree 2 – Disagree 3 – Agree 4 – Strongly Agree


1 2 3 4

a. Budgeting allows us to meet the financial


goals and objectives set out in the
business.

b. Budgeting helps us achieve financial goals


and has led to increased profitability

c. Budgeting has assisted the business in


making optimal use of financial resources.

d. Budgeting plays a big role in managing


business expenses.

e. Budgeting is used as estimates/projections


to source additional capital.

II. Managerial Performance

Competence in the areas of managerial activity outlined below is seen to be necessary for
effective managerial performance (a-h). Please rate your own recent performance in each area by
ranging from 1 (very poor) to 5 (excellent) in the space given. As a guide, use the following scale:

1 – Very Poor 2 – Poor 3 – Good 4 – Excellent

1 2 3 4

a. Planning: Determining goals, policies,


courses of action, work scheduling,
budgeting, setting up procedures, and
programming.

b. Investigating: Collecting and preparing


information for records, reports, and
accounts, measuring output, inventorying,
and job analysis.

c. Coordinating: Exchanging information with


people in your organization in order to
relate and adjust programs; advising and
liaison with other personnel.
d. Evaluating: Assessment and appraisal of
proposals for reported or observed
performance; employee appraisals, judging
output records, judging financial reports;
product inspection.

e. Supervising: Directing, leading, and


developing your personnel; counseling,
training, and explaining work rules to
subordinates; assigning work and handling
complaints.

III. Budgetary Performance

This part of the questionnaire asks about your business’s budgetary performance. Please use the
scale below:

1 – Strongly Disagree 2 – Disagree 3 – Agree 4 – Strongly Agree

1 2 3 4

a. Our business calculates the difference


between actual performance and
budgeted performance.

b. Extent of meeting the budget goals of the


business (Our business always has
favorable variances)

c. We are gaining budgetary motivation from


the setting of budgetary goals.

d. There are corrective actions performed in


the business when budgeting negative
budgetary variance occurs.

e. There are rewards given when there is a


positive budgetary variance.

f. Staffing: Maintaining the workforce of your


organization; recruiting, interviewing, and
selecting new employees; placing,
promoting, and transferring employees.

g. Negotiating: Purchasing, selling, or


contracting for goods or services,
contacting suppliers, dealing with sales
representatives.

h. Representing: Attending conventions,


consultation with other firms, business
club meetings, public speeches, and
community drives; advancing the general
interests of your organization.

Part C: Business Performance

This part seeks to answer: “Is there any significant relationship between budgeting and business
performance?”

1 – Strongly Disagree 2 – Disagree 3 – Agree 4 – Strongly Agree

1 2 3 4

a. Budgeting is important in our business in


recent years.

b. Budgeting helps in anticipating any


operational changes as needed to support
the business.

c. Budgeting provides information and


support in making a decision for the
business.

d. Budgeting allows us to control and monitor


the business.

e. Budgeting helps in avoiding so much debt.

Part D: Business Performance


Check ( /) the following difficulties and challenges encountered in budgeting according to your
own perception. You may check more than one.

___ 1. Lack of Capital


___ 2. Lack of Time
___ 3. Sticking to the budget.
___ 4. No preparation for unforeseen business expenses
___ 5. Mixing business and personal finances
___ 6. Budget force the business to limit capital spending

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