Week 3 Responses: FINA425-1201A-01: Budgeting
Week 3 responses FINA425-1201A-01: Budgeting Discussion Board The Assignment (YOU DO NOT HAVE TO DO THE ASSIGNMENT ITSELF, ONLY RESPOND TO STUDENT POSTS, BASED ON THE ASSIGNMENT!) For this assignment, you must write 4–5 paragraphs that you will deliver to the ICBI board (discussed in the IP 3 assignment) on the need for a budget contingency plan. Please think of 2 scenarios or events that could happen in which a budget contingency plan is needed. You must answer the following: Explain the need for a budget contingency plan Identify two (2) events or problems that could occur in which a budget contingency plan is needed. Add three (3) budgeting guidelines to prevent the risks or problems you identified in question #2. How to respond to students’ posts: Your DB assignment and your comments to classmates should be critical and meaningful. • Include detail and specific content • Illustrate critical thinking • Relate the learning to the class readings • Create opportunities for discussions that lead to fuller understanding of the subject matter • Use credible sources to support positions • When agreeing with postings of classmates, give specific information that supports the concept • When disagreeing with postings of classmates, give specific information illustrating the credibility of the disagreement • Constructive debate using proof to support points • Reflective thinking should be displayed in responses • Incorporate pertinent real-life experiences (optional) • The mechanics, grammar, spelling and structure should be accurate, logical, and clear Discussion Board Grading Criteria: “A” – Answer the question fully and intelligently, providing meaningful responses to classmates and use the text as support. To earn a high A, you must site external research sources, make reasonable inferences, and/or use a real world example. Responses are posted within the allotted timeframe and are written at a college-level. Student Posts: Student#1 Mario...