1. Explain the difference between top-down and bottom-up budgeting, and give the pros, and cons of each. Based upon your learning here, which approach do your personally favor, and why in 200 words in length?

2. Review the commonly used approaches to budgeting for service volumes in a healthcare organization. They are historical trends, demographic changes, new services, physician issues and inputs, impacts from the new ACA law and wishful thinking. Select any three of these and describe them in 200 words in length.