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This discussion is intended to provide a real-life application of the budgeting concepts covered in this unit. Draw from your personal as well as professional experiences to answer the Discussion Questions below. Remember that this is a discussion, so keep your responses succinct and to the point. Additionally, pleaserefrain from any partisanremarks regarding any political figures. This discussion should be focused on budgeting, not politics. Please review the article listed below. It can be located by using the Kaplan Online Library article search feature. Clickhereto access the Kaplan Library. Then, prepare your Discussion Board responses in accordance with the instructions found below. 1. Aliabadi, S., Alireza, D., & Aijana, A. (2011, October). Budget deficit, national debt, and government spending: Is now the right time to cut deficit and reduce national debt? 1. What are some of the benefits of budgeting? 2. The article identifies challenges facing the American people due to the ever-increasing budget deficit.

Do you believe that a “culture of entitlements” exists that contributes to the budget crisis? Does this concept carry over to corporate culture? 3. What priorities should a CEO have in terms of providing for his or her employees and simultaneously properly managing the finances of the company? Should an executive of a state or country have the same priorities? You are required to post your initial response to the DB questions by Saturday evening of the unit. You must respond to at least 2 of your colleagues by Tuesday evening, end-of-unit. These 3 separate posts must be made on 3 different days. Also, if I ask a follow-up question to your post, your reply to my question will also qualify to satisfy the requirements to make 2 response posts. To help you ensure a successful DB learning experience, you should refer to the Discussion Board Checklist found in Extra Extra. Please review the articles listed below.

They can be located by using the Kaplan Online Library article search feature. Clickhereto access the Kaplan Library. Then, prepare your Discussion Board responses in accordance with the instructions found below. 1. Emerson, L. (2012, March 11) Higher gas prices affect prices of other consumer goods.The Augusta Chronicle. 3. A Rising Tide Lifts All Boats: The Impact of Food Inflation on European Food Retailers. During recessionary times, commodity prices may not fall – in fact, many consumer commodity prices frequently continue to rise. 4.00/gallon. Not unexpectedly, food prices have risen as well, with the costs to feed a family of four rising over 20% during the same period. Additionally, governmental mandates for “Bio-Diesel” fuel have created a shortage of corn, further exacerbating the rise in global food prices. 1. Explain how you believe the rising prices affect strategic pricing-decisions made by companies that produce packaged food, cereals, canned meats and other common products found in a supermarket.

Your discussion should include an examination of how consumer behavior might impact those pricing, marketing, and packaging decisions. You are required to post your initial response to the DB questions by Saturday evening of the unit. You must respond to at least 2 of your colleagues by Tuesday evening, end-of-unit. These 3 separate posts must be made on 3 different days. Also, if I ask a follow-up question to your post, your reply to my question will also qualify to satisfy the requirements to make 2 response posts. To help you ensure a successful DB learning experience, you should refer to the Discussion Board Checklist found in Extra Extra. Stacy Lynn, Inc. (SLI) is a manufacturer of rice cookers. Stacy Ann Lynn, the great grand-daughter of the company’s founder is the current CEO/President of the company, which is still a family owned business. The previous several years have been especially difficult due to price-pressure from Chinese imports. At the moment, all that Stacy believes she can do is to try to keep the company running until the economy improves.

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