Apply the budget benefits into these questions below. MINIMUM 200 words ONLY!

plan, promotes coordination and communication, and provides a benchmark for evaluating actual performance.

• Describe a situation where a topic (a concept, one learning outcome) from the chapter is applied outside the classroom. In your career? Your personal life? A current event? Another class?

• Did you describe this topic (concept, learning outcome) in a few sentences with enough detail to indicate that you understand the concept? You do not need to summarize the entire chapter.

• Does the topic you described relate to the situation or incident that you described? (For example, do not describe the IMA Statement of Ethics, then explain how you walked into Best Buy and immediately saw a service company, the Geek Squad, a retail operation with electronics for sale, and manufacturing operations as Sony, Toshiba, and LG products are all lined up for sale. A better choice would be to describe the accounting differences between the types of businesses, then describe what you saw when you walked into Best Buy.)