1. Discuss the different management approaches to developing a budget and which you think is more effective - the bottom up or top down approach. Provide real world example of budgets that have either worked or failed based on one of these methods.
2. Recall from Unit 1 that the three functions of managerial accounting are planning directing and Discuss how budgets fit into the planning AND the controlling process. Be very specific about the tasks that fall under each function.
3. With respect to decision-making, we want to make sure that our proposed decision makes sense. As a manager, you know that your customers are very sensitive about safe working environments and environmental effects. In order to provide the best value for stockholders and customers alike, you decided to outsource your product overseas to a manufacturer in a developing country with a high-inflation economy.

Explain the practices (including frequency) you would put in place to monitor that you are saving the