Question 1: Identify the stages of the budgeting process and evaluate their effectiveness.
Question 2: Evaluate the level and validity of detailed assumptions used to create budget estimates.
Question 3: Discuss the role of the budget as an analytic tool that can be used to evaluate organizational performance.
Question 4: Explain how the budget can be used to find and eliminate inefficiencies in an organization's performance.
Question 5: Explain the role of the budget in the business control cycle.
Question 6: Analyze internal and external control mechanisms that can be put in place to monitor and evaluate the budget.
Question 7: Describe how the budget can be used in the performance accountability and reward process.
Question 8: Identify a major business initiative in any organization that was approved last year as a result of the budget process, and explain how the budget was used in the approval process.