Once you read Chapter 7, read the articles, and watch the videos please answer the following questions: What is the budget cycle? How many stages are there to it? Describe each stage. Who are the actors in the budgeting? What is pervasive incrementalism? What are the hallmarks of incrementalism and why are they important? What are the different types of budgets? What is the line item budget? What is performance budgeting? What are capital budgets? Why are each important? Describe the differences between them. Your post should be at least 350 words. Your two responses to your classmates should be at least 100 words. If they do not meet the requirements you will be deducted points. Once you read Chapter 7, read the articles, and watch the videos please answer the following questions: What is the budget cycle? How many stages are there to it? Describe each stage. Who are the actors in the budgeting? What is pervasive incrementalism? What are the hallmarks of incrementalism and why are they important? What are the different types of budgets? What is the line item budget? What is performance budgeting? What are capital budgets? Why are each important? Describe the differences between them. Your post should be at least 350 words. Your two responses to your classmates should be at least 100 words. If they do not meet the requirements you will be deducted points