ASSIGNMENT

Responses to the questions should be in essay format. Your answers must show originality, be straight to the point and not be more than 3 double-spaced pages to a question.

What is budgeting? Discuss the role of budgeting in a governmental setting and specify what budgeting involves. What types of information are important to budgeting? Distinguish between the classic model of rational decision-making and incrementalism budgeting.