Question
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Understanding Flexible Budgets
Read Assignment 1 in Chapter 16 and in 300-350 words, answer the following questions:
What are the roles played by a budget and how many budget types are available?
Under what conditions is a flexible budget likely to be more effective than a forecast budget?
Respond to at least two of your classmates’ posts.
Strategic Planning and Financial Planning
Read Chapter 13 and in 300-350 words, answer the following questions:
What is your understanding of strategic planning and financial planning?
What if financial planning is not aligned with strategic planning? What are the consequences? You are encouraged to select a healthcare organization to answer these two questions