Choose ONE (1) question below to discuss and then respond to TWO (2) of your classmates answers (Try not to repeat others answers). Include the question with your response.

1. What are the key differences between a strategic and operational plan? Explain.
2. What is the statistics budget and how does it influence other budgets?
3. What demographic factors impact volume and future revenues?
4. What is variance analysis and why is it important to the budget process in a healthcare organization?
5. What is a flexible budget, how does it vary from a fixed budget?
6. Compare and contrast zero-based versus incremental budgeting?

Make sure you are properly citing your source(s) and providing your reference(s) for information you obtain from another source. Please review the Discussion Expectations and Grading posting if you have any questions regarding answering the discussion question and/or responding to your peers.