ADM 626 Discussion Questions with Answers Week 1 to 4
Below shown is the description of “ADM 626 Discussion Questions Week 1 to 4“.
Week 1 Discussion Question 1
The budget is arguably the most important policy decision elected officials make. Why?
Week 1 Discussion Question 2
The textbook says, “Budgeting is not a scientific activity” and is instead a craft. Why?
Week 2 Discussion Question 1
Explain how fixed cost differ from a variable cost. Use specific examples to solidify your point of view.
Week 2 Discussion Question 2
Discuss why most fixed costs sooner or later become variable.
Week 3 Discussion Question 1
Explain why the concept of the time value of money is important to long-term project decisions?
Week 3 Discussion Question 2
Give examples of annuities from your own experience.
Week 4 Discussion Question 1
Define breakeven analysis in your own words. When would you most likely use breakeven analysis? Why?
Week 4 Discussion Question 2
The base budget is the amount of money that is funded for a current year. Explain why that amount may not be correct for future years.