$1)$ Create a one$-$year budget using either your business or a personal budget $($if personal you don't need to reveal real dollars should you choose to keep these private$).$ In preparing the budget identify those expenses that are Variable, fixed or mixed in nature.

$2)$ Provide a narrative of some event that will dramatically impact your revenue and$/$or expenses within that time frame $($e$.$g$.$ flooding causes you to move, Material vendor goes out of business, you get a roommate$).$ Use tactical decision$-$making model to Isolate the best way to adjust to the issue, crisis or opportunity stated.

$3)$ Create a revised budget given the new environment$/$constraints$.$ How does this impact your profit or cash position?