Discussion Question 1 Budgeting: Many of you either work for businesses that use budgets or have past experiences with the budgeting process. Please discuss a benefit that you have personally experienced, or a difficulty you found in budgeting.

Discussion Question 2 Performance Reports: the textbook authors list many qualitative factors that are important for managers to be aware of in appraising performance. What do you believe is the most important qualitative element of performance appraisal and why do you believe this? Please discuss only one qualitative element related to performance appraisal and allow other students to comment or add to the list.

Discussion Question 3 Applying the Decision-Making Model: Currently Chipotle runs all of it stores as company owned stores meaning that all the managers and employees are employees of Chipotle and not employees of franchisee operators. Chipotles leases all of it restaurant locations so it does not technically own the real estate. If Chipotle decides to sell off its existing company operated stores (something that Wendys has just completed) to franchisees Chipotle would get a large upfront franchise fee, monthly royalties from monthly sales, and monthly markup fees from the sale of supplies and food to the franchisees. Looking at Step 5 of the decision model Assess the Qualitative Factors, what is an important qualitative factor would be important if Chipotle moved to allow franchising of its restaurants? Please discuss only one qualitative benefit or qualitative detriment and allow other students to comment or add to the list.