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Fixed and flexible expenses

23/12/2020 Client: saad24vbs Deadline: 10 Days

Justifying Fixed and Flexible Expenses

Discuss how you would justify a budget’s fixed and flexible expenses to a board of directors or grant funding agency. What negotiation or conflict resolution strategy would you recommend if the board or agency does not accept the initial justification? Your initial post should be at least 300 words.



Resources

Readings



1.Textbook:

 Dropkin, M., Halpin, J., & LaTouche, B. (2007). The budget-building book for nonprofits (2nd ed.). Jossey-Bass.

      Chapter 14: Major Components of Operating Budgets

2. Article:

   Chevarley, F., Owens, P.L., Zodet, M.W., Simpson, L., et al. (2006). Health care for children and youth in the United States: Annual report on patterns of coverage, utilization, quality, and expenditures by a county level of urban influence. Ambulatory Pediatrics, 6(5), 241-64.

3. Videos

   McCarthy, J., [goldstarjimmccarthy]. (2010, September 1). Difference Between Fixed and Variable Costs - Quick Draw with Jim McCarthy, Goldstar CEO [Video File]. Retrieved from https://youtu.be/wBBfA9q8FSQ (Links to an external site.)

  BPMSG, [BPMSG]. (2010, February 23). 06 Operating Expenses Fixed and Variable (Business Performance Management) [Video File]. Retrieved from https://youtu.be/Xc6F5rMCM40



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