Which budget model do you think will be the easiest to manage and why?

Which budget model do you think will be the easiest to manage and why?

Prompt: A model’s strengths and weaknesses help to clarify its appropriateness when viewed in conjunction with the institution’s priorities. Based on your own research and the readings for this module, select a budget model you believe would be easy to manage. In a two- to three-page short paper, defend your selection by offering specific examples that help elaborate on and fully support your choice.

Select a budget model that would be easy for you to manage.
Defend your selection with specific examples that support your choice.
Six Models to choose from:

Incremental Budgeting
Zero-Based Budgeting
Activity-Based Budgeting
Responsibility Center Management
Centralized Budgeting
Performance-Based Budgeting
Rubric Attached.

http://www.marshall.edu/2020/files/6-Budget-Models…

 

 

Solution Preview

Zero-Based Budgeting
The budgeting process is one of the most critical aspects in the management of any institutional activities. It helps create an overview of existing resources in addition to an explicit insight into the projected expenses of an organization. An ideal budget would present the audience with the opportunity to review some of the integral activities within the organization,

(604 words)

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