Budgeting

Answer each of the following questions with a minimum of 150 words each. (How is cost-benefit analysis used at different levels of public budgeting and governmental and nonprofit accounting?) (What are cost descriptors as they are applied to budgeting? How are these cost descriptors effectively used in the budgeting process?) (Revenue estimates and appropriations enacted are standards against which performance is subsequently measured. What implications can be drawn at year-end if variances from these standards occur? If no variances occur, what implications are drawn?)

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