Difference between capital and operational budgeting

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Reference no: EM133321047

Assignment:

Answer the following questions:

1. Explain the difference between capital and operational budgeting.

2. For the purpose of budgeting.list three items that would fall under capital expenditure.

3. For the purpose of budgeting, list three items that would fall under the operational budget.

4. In your opinion is it better to own the restaurant or lease it, explain why you feel the way you do.

5. Explain what the "break even point" is and how we arrive at it.

6. Consider the following. A restaurant purchases frozen shrimp, the description reads "freshly steamed shrimp" answer the following. Does the description violate the "truth in advertising" law? if your answer is yes, why, if your answer is no, why not?

7. Consider the following. A restaurant purchases frozen shrimp, the description reads "freshly steamed shrimp" answer the following. Are the restaurant owners acting in an ethical manner. If your answer is yes, why? If your answer is no, why not?

8. It is the policy of your company to give employees a turkey or ham for Christmas. One of your employees is an "orthodox Jew" . Is this going to be a problem? If it is, why will it be a problem, if not, why won't it be a problem? Assuming for the moment it is a problem, how will you address it?

Reference no: EM133321047

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