Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Managing accounting concepts describe two main types of budgeting, static budgets and flexible budgets. Respond to the following in a minimum of 400 words. Differentiate between the two types of budgets. Provide an example of the type of business or company that would benefit from using a flexible budget. Provide support for your business selection and include the advantage for using a flexible budget over a static budget.

Network diagramming is a logical, sequential process that requires you to consider the order in which activities should occur to schedule projects as efficiently as possible. Remember that all projects have predecessors, or activities, that must/should occur before the next step within a project plan can take place. Using a project scheduling application, complete the following: Construct a linked bar-chart and an AON diagram for the schedule shown in Figure 6.4 of the textbook. Your schedule must include activity relationships, too. Please note that a Gantt chart that shows activity relationships is called a linked bar-chart. Then, insert your network diagrams as appendices in a one- to two-page paper, in the main body of which you identify the steps you took in creating the linked bar-chart and AON diagram. Document your lessons learned. In your narrative, also explain why the project calendar may impact the project end date. Instruction for Use of Project Scheduling Applications To complete this assignment, feel free to use any project scheduling software to which you have access. The Program does not mandate the use of a particular software application; therefore, you can use any application that has proper functionalities, including Microsoft Office products such as Excel. Here are some project scheduling software options: 3- You also have the option to use ProjectLibre  (Links to an external site.)as an open-source project scheduling application (preferred) or any of the open-source applications recommended at the following link: Top Five Desk Top Open Source Project Management Tools. (Links to an external site.) 4- To draw a precedence diagram only, you can use https://www.draw.io/ (Links to an external site.) (look for PERT under the Business category of charts) Irrespective of the computer program you choose, instead of submitting the native files, you need to insert a snapshot of your work into your submission or convert what you've developed using the computer program to a PDF file, and incorporate that as an appendix to your submission. Additional Instructions Be sure to organize your writing properly and include the following: Cover page Introduction Body of your work with headings and subheadings Analysis and recommendations Conclusion List of references.