Minimum 100 words each.
Q1. Discuss the importance of budgeting on the home front - in your personal finances. How do you do it and what changes will you make in light of what you learned this week?
Q2. Many upper level managers consider the budget to be a living document. What do they mean by this and do you agree with their assertion? Why? Why not?
Q3. Explain static budget reports.
Q4. Explain Flexible Budgets.
Q5. Explain "Variance Analysis and Balanced Scorecard"
Answer will be sent by email as attachment.
