ESSAY : Budget Monitoring and Format

The Discussion Board (DB) is part of the core of online learning. Classroom discussion in an online environment requires the active participation of students and the instructor to create robust interaction and dialogue. Every student is expected to create an original response to the open-ended DB question as well as engage in dialogue by responding to posts created by others throughout the week. At the end of each unit, DB participation will be assessed based on both level of engagement and the quality of the contribution to the discussion.

At a minimum, each student will be expected to post an original and thoughtful response to the DB question and contribute to the weekly dialogue by responding to at least two other posts, either the instructor\’s response to one of your posts, or posts from students. The first contribution must be posted before midnight (Central Time) on Friday of each week. Two additional responses are required, each on different days, after Friday of each week. Students are highly encouraged to engage on the Discussion Board early and often – at a minimum of three (3) different days each week, as this promotes learning and is an important factor in grading for the Discussion Board assignment.

The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit.

Assignment Details

This assignment has 2 parts:

Budget monitoring is necessary to make sure that businesses and organizations do not experience net loss and that operational expenses do not exceed the projected revenue for the budget period. Budgeting protects the resources in a company and ensures that funds are properly accounted for and used for their initial intention.
What are some examples of vulnerable asset areas that pose risk for companies?
Do these areas vary by company or industry? Why?

SAMPLE SOLUTION

Vulnerable Asset Areas That Pose Risks for Companies
Every organization faces some level of risk relating to its assets. A risk is an uncertainty that arises from an expected outcome mostly resulting into damage, injury, and financial loss. Risks may arise from threats resulting from natural causes, human error, accidents, or malicious intentions (Eling & Marek, 2014). Nevertheless, companies always need to avoid, mitigate, manage, or transfer the risks to safeguard themselves from financial losses. Assets such as buildings that contain heavy commercial equipment have a higher risk resulting from accidental causes compared to typical office blocks. Also, an office block with many people may be more vulnerable to terrorist activities than a building with just a few workers. The level of risk largely…