Financial DecisionsImagine that you are on the board of directors of a church-based child care center. After reviewing the budget for next year, you and your fellow board members realize that the center will have to make some tough decisions. Choose one of the following budget scenarios to discuss. Budget Cuts: In order to stay profitable, the center will need to make budget cuts. You are concerned because you know that if salaries do not go up, some teachers may resign. On the other hand, if tuition rates increase, some of the families may not be able to afford to stay at the center. How will you and the board go about making these cost-saving decisions? Budget Surplus: Your center is in the enviable position of having a budget surplus that has resulted from careful financial management over the past several years. The center must allocate the excess funds in order to ensure future funding from the church. How will you and board go about making these spending decisions?Using information from Chapter 3 and at least one other source (be sure to cite your source), describe two to three specific strategies to either save or spend money while meeting the needs of the teachers and families. Your discussion post should be at least 200 words in length.

Business research can help managers plan strategies by – identifying the existence of problems or opportunities present in the organization. —William G. Zikmund, Barry J. Babin, John C. Carr, and Mitch Griffith, Business Research MethodsDespite having general areas of academic interest, many doctoral independent scholars find choosing a specific topic for their research study a challenge. In addition to making an academic contribution, your work will address a real-world business problem and have the potential to impact the daily practices of the business community. Writing and researching a Doctoral Study is an opportunity for you to explore a topic of interest, identify a problem, and express your viewpoint and perspective as your ideas evolve by way of you learning more about the topic and about your own questions and hypotheses. Your past professional experience can be a valuable source for identifying a research topic during the initial stages of your search. You should also review the literature on topics of interest. Finding a practical business problem, for which your in-depth academic research efforts may help you uncover possible solutions, is a critical first step in a successful doctoral process.To prepare for this Assignment, review the media piece “Choosing Your Doctoral Topic.” Consider a topic you might be interested in studying and a potential question for future research. Note: This is not the time to talk about the specifics of your Doctoral Study but rather to describe generally your topic of interest and why you have chosen it. This will acquaint the reader (or listener) with your study topic. Also keep in mind that many early doctoral independent scholars tend to focus on solutions. Instead, focus on clearly articulating a known business-related problem and not a social problem.By Day 7Submit a 2- to 3-page paper (excluding cover and References pages) in which you formulate one or more business problems on your chosen topic. In your paper, do the following:Provide an overview of the topic you are interested in studying, including the context and your rationale for selecting your topic.Delineate a brief history of this area of study and the relevancy of this topic in today’s business world.Identify any similarities between your interests and those discussed in the media piece “Choosing Your Doctoral Topic.” Devise one or more business-related problems related to your chosen topic. Speculate what type of data you might need to research one of these business-related problems and how you might go about collecting that data.Laureate Education (Producer). (2012b). Choosing your doctoral topic [Video file]. Baltimore, MD: Author.