Discuss the pros of forecasting over five to ten year period

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Reference no: EM131359855

Discussion: "Preparing the Operating Budget"

Please respond to the following:

• From the e-Activities, discuss two differences between Michigan's budget and your state budget in terms of budget process, financial reporting, and costs analysis (fixed costs, step-fixed costs, and variable costs). Justify your response with examples.

• Discuss the pros and cons of forecasting over a five to ten year period. Justify your response with examples.

References.

Reference no: EM131359855

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