• Compare the concepts of strategic planning, budgeting, and forecasting for an organization. Specifically:
  • Describe each concept and the ways they are interrelated as well as their differences.
  • Analyze the role that each concept plays within an organization. In your analysis, be sure to include how strategic planning, budgeting, and forecasting are used to improve organizational performance.
  • Be sure to include citations and references to support your work.
• Explain what responsibility centers are (in general) as well as the three types of responsibility centers: cost centers, profit centers, and investment centers.
• Identify the decision rights assigned to each type of center, being sure to include examples for each type of responsibility center.