Explain what the metric shows and then discuss how you would go about gathering the data and calculating this for your new initiative (and, if you have already done this in real life, share what you did and what response you got from Management).

Answer ALL 3 questions and ALL parts of each questions.
Separate the references for EACH question. 3 references per question (total of 9 references)
#8 –
Cost Benefit Analyisis
Option 1
As we discovered this week from our readings and video’s, not all cost-benefit decisions can be made from strictly financial data. Thinking about a project you have worked on or proposed, or a project which you feel is critical in your company or community, give an example of a non-financial metric which should be considered and why you think that non-financial metric should result in the approval of the project.– OR –
Option 2
Your New Product Development initiative is at the stage where a Cost-Benefit Analysis is needed to prepare for the final presentation to management. There are multiples metrics you could use to quantify the benefit of your proposal (incremental sales, nominal payback, discounted payback, NPV and IRR). Choose the one that you feel is most crucial and would best help Management see the value in your proposal. Explain what the metric shows and then discuss how you would go about gathering the data and calculating this for your new initiative (and, if you have already done this in real life, share what you did and what response you got from Management)
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Define this approach in your own words and discuss 2 applications of this concept in your current work environment (examples might include make vs. buy, plant location, new product or packaging, downsizing, acquisition/divestiture, etc.).* Discuss a variable or assumption within the project where the data was difficult to obtain — and what you did to develop a reasonable assumption for the project economics.* Additionally, share or create one example where using financial data and cost benefit analysis that did, or could have, led to a better decision
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#10 – Budgeting
Describe your company’s annual budget process.* What is your involvement in the process?* What works well? What doesn’t work?* If you were CEO/CFO, what changes would you make and why?* How would you communicate to employees the value that the process brings to the business?