Cyber-terrorism Essay -- cyber attacks, 2015

"It is now clear that cyber threat is one of the most serious economic and national security challenges we face as a nation," President Obama has said in one of his addresses to the nation. He would go on the say that "We know that cyber intruders have probed our electrical grid, and that in other countries cyber attacks have plunged entire cities into darkness." (Net Security.org, 2009) When the president of the United States puts this much emphasis into a subject it shows how important it is and how big of an impact it could have on the nation. The United States is very dependent on digital networks due to the fact that almost everything is controlled by computers. Terrorist organizations and hostile countries are aware of this and an attack on our networks could be crippling to our economy. It would bring the most powerful and influential nation to a standstill. This is why president Obama has expressed the need for increased security measures because a cyber war is a reality tha t could happen soon that we must be prepared for. When a person thinks of the different types of warfare they would probably think of the more common types seen in the past wars like guerilla warfare, chemical warfare, and biological warfare. But in the present day and age a new warfare has emerged. It is the cyber warfare. This type of warfare is when an outside power may chose to attack the network or power grid with means of harmful intent. An example of this can be seen when hackers released a series of cyber attacks on Brazil’s power grid and left cities and parts of the country powerless for up to a few days. In result to this, Brazil lost millions upon millions of dollars and its economy was at a standstill. An incident that happened to the United States that helped make the security of networks front and center was in 2007 when the theft of terabytes of information was taken from the Department of Defense, The Department of State, the Department of Commerce, and the Department of Energy and Nasa because of a breach in by a foreign power. This followed by another intrusion of the CENTCOM network which is used by the Department of Defense to relay information for actions in the wars America is currently in. This attack was believed to be a backdoor attack through corrupted memory sticks and thumbnail drives. Foreign powers that staged this attack were able to see and in... ...f the Center for Strategic and International Studies summed up the United States and its stance on cyber wars as this: "We have, at best, a few years to get our defenses in order, to build robustness and resiliency into networks and critical infrastructure, and to modernize our laws to allow for adequate security. Our current defenses are inadequate to repel the attacks of a sophisticated opponent. The United States is far more dependent on digital networks than its opponents and this asymmetric vulnerability means that the United States would come out worse in any cyber exchange." (Net Security.org, 2009) Works Cited cbsnews.com. (2009, November 8). Cyber War: Sabotaging the System. Retrieved February 11, 2010, from 60 Minutes: http://www.cbsnews.com/stories/2009/11/06/60minutes/main5555565.shtml Net Security.org. (2009, November 09). Cyber war is coming, the impact could be huge. Retrieved February 11, 2010, from Help Net Security: http://www.net-security.org/secworld.php?id=8484 Net Security.org. (2009, October 27). Serious cyber attacks on the horizon. Retrieved February 11, 2010, from Help Net Security: http://www.net-security.org/secworld.php?id=8439

‘Satyam †the Enron of India’

INTRODUCTION The case study ‘Satyam – the Enron of India’ looks at Satyam Computer Services Limited and its involvement in corporate fraud leading to one of India’s largest white-collar crimes. The Satyam scandal marks as one of India’s biggest corporate scandals where its stakeholders were continually fed misleading financial information from its late chairman Ramalinga Raju. This once promising, global IT company provided its services for some of the largest companies in Australia and the United States, such as Telstra, Suncorp and Qantas, to mention a few.The following case study analysis looks at the failure of Satyam Computer Services Limited due to fierce competition and the need to impress stakeholders, along with inaccurate, misleading accounting statements, unethical behaviour and poor leadership. PART 1: Management issues in the Satyam case study From reviewing the case, the management issues in the case study are unethical behaviour and po or leadership. As there was no approval needed form shareholders it gave Raju and his brother the ability to make all managerial decisions.The lack of leadership and abuse of power let independent directors and audit committee feel intimidated enough to trust in the managerial decisions without question. The need for power and money led to negligence of fiduciary duties and inaccurate deceptive accounting on Raju’s behalf. Raju’s total disregard for managerial ethics just to make short term figures to impress Satyam’s stakeholders resulted in a complete lack of corporate social responsibility.Raju’s greed led to the manipulation of financial records to show increased earnings, payment of salaries to ‘ghost staff’, diversion of funds to purchase property in family member names and fabricated profits ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬. It is believed PricewaterhouseCooper failed to perform its role correctly and therefore this failure to follow fiduciary responsi bilities lead to Raju’s manipulation of the businesses statements and cash flow was go undetected. PART 2: Why the issues are problematic? In the first instance we examine the unethical behaviour and the conflict of interest with family members in high company roles.Since the company was founded and owned by Raju himself, the chairman, and his brother occupying the role of managing director, which gave them and overwhelming majority and a psychological advantage into the decision making of the company. This advantage is how the company books were able to be cooked and inflated profits by selling inflated stakes for went undetected for so long. Without the approval of from the shareholder the directors were able to use company funds to be diverted into family real estate investments.Raju’s expectations for power and ambitious corporate growth also contributed to the fraud. Whist there is no right or wrong way to behave due to Raju’s lack of moral leadership Satya m’s stakeholders, clients and employees were also greatly affected by the demise. Rationalisation and justification lead to negative emotions which could have caused Raju to act emotionally and unethically without any regard for his stakeholders. The damage to the credibility of the company forced the cancellation of projects which in turn lead to the employee’s loss of wages, jobs and self esteem.The mistrust would have had clients question accountability and would have sought business with Satyums competitors. Shareholders would have lost money in the form of investments. Deceptive reporting practices and complete lack of transparency in the finances damaged the company’s future credibility. As PricewaterhouseCooper failed to detect the discrepancies I believe they also hold some accountability in the downfall of the company. As the falsifying of Satyam’s books would lower its stock values, which inturn would lead lower profits and less investors.Howeve r to leave the auditor out of the equation would be a mistake. As a result of negligence with both PricewaterhouseCooper and Raju, the outsourcing company suffered a massive blow in trust and leave further investment in the company questionable. However whilst the scandal put pressure on the Indian government and other Indian outsourcing, this type of scandal wouldn’t be limited to just India as a culture, as It comes down having a good global manager that exercises good ethical behaviour.As all mangers are human it’s the ability of mangers to be self disciplined and handle pressure to provide total quality management. PART 3: Recommendations. In Satyam’s case the need to merge or sell the company would be the first step to restore some faith in the company. What happened with Satyam served as a reminder that a universal, quality corporate governance mechanism is needed to ensure future companies don’t follow in Raju’s footsteps. Complete transpare ncies in finances would also avoid any temptation for unethical behaviour along with more deterring punishments for frauds of this scale.This would ensure higher loyalty and trust from stakeholders. Henri Fayol’s contribution to management thinking would be a great concept to start with, his five principles; I. Planning – Establishing objectives and goals. Recognising obstacles, these can be internal or external, and how to control them. Forming, implementing and following up of plans. II. Organising – Identification, classification, coordination III. Commanding – The delegation of duties to correct workers, successful leadership. IV.Coordinating – Make decisions and ensure all information is shared and to monitor the works involved. V. Controlling – Monitoring and making sure all things are running according to plan. Employee performance reviews Whilst policing manager personality traits would be a perfect solution the reality of policing t his is near impossible therefore management accountability and responsibility would be a good start. Having a universal Code of Ethical Conduct and setting out universal teachings or courses in global ethics may also provide a solution.By obtaining a better understanding of cultural diversity, understanding the abilities, vales and personality types of different cultures ultimately it is up to the manager to be fully accountable. REFERENCE LIST Schermerhorn, Davidson, Poole, Simon, Woods, Chau, 2011, Management Foundations and Applications http://www. mahindrasatyam. com/investors/documents/Annual-Repor-for-the-year-2011-12. pdf http://www. vrl-financial-news. com/accounting/intl-accounting-bulletin/issues/iab-2009/iab441/satyam-scandal-where-to-from. aspx http://www. telegraph. co. uk/finance/4161198/Satyam-accounting-scandal-could-be-Indias-Enron. html

Adoption of Lean Six Sigma in Lenovos Supply Chain

Adoption of Lean Six Sigma in Lenovos Supply Chain Introduction Lenovo Group Limited is a large Chinese multinational corporation that specialises in computer technology. It manufactures and distributes various electronic products in the global market. According to the study conducted by Zhijun (2013, p. 92), Lenovo was ranked the world’s leading vendor of personal computers in terms of unit sales.Advertising We will write a custom essay sample on Adoption of Lean Six Sigma in Lenovo’s Supply Chain specifically for you for only $16.05 $11/page Learn More The company currently has active offices in over 60 countries around the world. Its products circulate in over 160 countries according to the report by the Global Reporting Initiative (2011, p. 88). Currently, the management of this firm has been working on ways of improving its supply chain management strategies. This has been done through the decentralisation of processing plants and management centres from Beijing in China to various locatio ns around the world. The decision to decentralise production plants and management centres was influenced by the desire to shorten the distance between the manufacturing plants and the market. The management of this firm realized the need to end-to-end supply chain visibility as a way of improving efficiency in its product delivery method. Lean Six Sigma may be very useful to this firm in its efforts to achieve this sustainability. Not only will this tool help the firm improve the quality of its products, but also help in reducing the cost of production (Kamauff 2010, p. 56). In this study, the researcher will focus on determining how Lenovo can use Lean Six Sigma to achieve sustainability in its supply chain management. The first part of this report will be the introduction; the second part will be the analysis, while the last section will be a conclusion of the findings of the study. In this study, Lean Six Sigma refers to a quality management tool that seeks to streamline the pro cesses in order to achieve near perfect products (Brockett Rezaee 2012, p. 77). The study will determine how adoption of this tool will help enhance sustainability of Lenovo’s supply chain. Analysis Lenovos Supply Chain The management of Lenovo has been keen on streamlining its supply chain to not only eliminate costs but also improve the quality of the products they deliver to their customers. The firm has employed a number of strategies in its supply chain.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More However, in this study, the focus will be on End-To-End Supply Chain Visibility Strategy that was employed in 2013 using E2open software to enable the management to monitor all the activities in its supply chain (Qiao Conyers 2014, p. 59). According to this scholar, Lenovo had previously been using various strategies to manage its supply chain. However, David Gillon, wh o is the current Executive Director of Lenovo’s Global Supply Chain, realized that besides having superior tools and equipments to improve supply chain at this firm, it was necessary to have a new system at the firm that will make it possible for the management to track down all the activities within the supply chain in real time. This was necessary so that the management can detect any problems within the supply chain as soon as they occur. As Lan and Unhelka (2013, p. 74) say, End-To-End Supply Chain Visibility strategy has become popular in the recent past because it gives a firm control over the activities taking place within its supply chain. End-To-End Supply Chain Visibility was meant to support a strategy employed by this firm the previous year that eliminated all the intermediaries when accessing most of the raw materials. The firm developed a new strategy that emphasised on dealing directly with the producers of the raw materials other than brokers. In order to use this strategy, the management of Lenovo had to employ the use of E2open software that not only helped in monitoring the activities within the supply chain, but also integrated the communication system within the firm. This made it possible for all the stakeholders responsible for various activities to know when there is a problem within the supply chain so that they can know the best course of action. For instance, the production manager at Lenovo’s plant in Beijing will know when there is a problem in the supply of a given raw material. With this knowledge coming as soon as this fact becomes a reality, the production manager is able to re-strategize its production activities to avoid serious negative consequences that may arise because of the unavailability of the needed materials. According to the report by Qiao and Conyers (2014, p. 78), the management of Lenovo has been able to reduce losses within its supply chain that is always associated with lack of information and co ordination between various departments because of this new technology-based strategy. According to Qiao and Conyers (2014, p. 81).Advertising We will write a custom essay sample on Adoption of Lean Six Sigma in Lenovo’s Supply Chain specifically for you for only $16.05 $11/page Learn More Lenovo’s top management committed HK$ 6.35 billion to help expand the Beijing’s 200,000-square feet production facility in early 2014 to help sustain its increased production due to improvement of its supply chain. This is a clear indication that this new approach to managing its supply chain has been a success. Need for Sustainability and Factors Involved In Achieving It According to Wisner, Tan and Leong (2011, p. 67), the issue of sustainability has gained relevance as firms struggle to secure their future in the turbulent market. In order to understand steps that have been taken to promote sustainability at Lenovo, it will be necessary to analyze v arious stages of supply chain where sustainability is necessary. Sourcing is one of the most sensitive areas of management in the supply chain. As Shah (2009, p. 23) observes, a firm needs to ensure that there is a reliable source of raw materials to ensure that the production process is not interrupted due to shortage of inputs. According to Aras and Crowther, (2009, p. 280), the management of Lenovo has formed strategic partnerships with its suppliers, especially those who supply sensitive products such as rare earth metals through long-term contracts. These long-term contracts bind these suppliers to this firm and reduce chances that the suppliers can suddenly stop their business transactions with this firm. The management has also been keen on fostering a close relationship with these suppliers. As Taylor (2003, p. 56) observes, in most of the cases they are considered integral part of this firm. These steps were taken to ensure that the suppliers remain loyal to this firm. It r ealised that it needed to do this in order to protect its sources of raw materials. Manufacturing is another sensitive process in the supply chain management. In the current competitive market, it is very critical to have sustainable manufacturing strategies that can help a firm secure its future in the market (Timans et al. 2013, p. 340). The management has embraced technology in its manufacturing processes as one of the main steps towards achieving efficiency in its supply chain. As mentioned above, the firm is putting up a 200,000-square meter production complex in Beijing that has state-of-the-art machines to help in running its production processes. The society has become so sensitive about environmental conservation. If this firm fails to embrace environmental-friendly manufacturing strategies, it may have a bleak future due to the regulations that are expected in the near future. Similarly, the issue about packaging will need to be re-evaluated. Many firms are now considering using bio-degradable materials to package their products in order to protect the environment.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Lenovo will need to take a similar path in order to remain relevant in the market that has become very dynamic. The distribution centre management that has been embraced by Lenovo is in line with the changing environmental factors (Liu 2009, p. 574). Devolving the management and setting up various offices across the global market is needed so that this firm can act locally based on the prevailing market forces in different regions around the world. According to Mahadevan (2009, p. 37), waste management is a factor that firms can no longer ignore, especially at the production plant. Lenovo will need to find proper ways of managing wastes according to the international standards given that it is operating in the global market. This will mean recycling its wastes or finding better waste disposal methods for the products that cannot be recycled. Another sensitive issue is the emissions control. According to Gorman (2011, p. 570), many countries around the world are reducing the limit of emissions of greenhouse gases per given time. With these new developments, Lenovo will need to find a way of reducing its emission rates despite its increasing levels of output in order to remain sustainable. Tools and Techniques Associated With Lean Six Sigma Lean Six Sigma is one of the management tools that many firms are using to improve their operations and enhance sustainability. At this stage, it will be important to critically analyse what can be achieved through Lean Six Sigma and to determine how it applies to Lenovo. According to Tompkins and Harmelink (2004, p. 45), Lean Six Sigma refers to â€Å"A methodology that relies on a collaborative team effort to improve performance by systematically removing waste.† The term lean in production context means maximum elimination of wastes and unnecessary processes. The current environmental forces may require Lenovo to employ lean manufacturing in order to improve quality and eliminate wastes as much as possible. The foll owing are some of the tools and techniques associated with Lean Six Sigma at Lenovo. According to Bolstorff and Rosenbaum (2012, p. 56), when using Lean Six Sigma there are eight kinds of waste that must be eliminated in order to manage the costs of production, and each requires different tools and techniques. The first kind of waste is the problem of defects. The study by Qiao and Conyers (2014, p. 112) reveals that Lenovo has embraced the use of modern technologies as means of reducing defects at its production plants. These defective products always have very little value because they cannot be sold and some cannot be recycled (Sarkar 2005, p. 427). The management of Lenovo emphasises on the zero of Globalisation of Chinese Enterprises, Journal of International Business Studies, vol. 38. no. 4, pp. 573-577. Mahadevan, B 2009, Operations Management: Theory and Practice, licensees of Pearson Education, New Delhi. Panneerselvam, R 2012, Production and Operations Management, Cengage, New York. Qiao, G Conyers, Y 2014, The Lenovo Way: Managing a Diverse Global Company for Optimal Performance: Managing a Diverse Global Company for Optimal Performance, McGraw Hill Professional, New York. Reverte, C 2009, Determinants of Corporate Social Responsibility Disclosure Ratings by Spanish Listed Firms, Journal of Business Ethics, vol. 88. no. 2, pp. 351-366. Sarkar, D 2005, Lessons in Six Sigma–72 Must-Know Truths for Managers ,Indian Journal of Industrial Relations, vol. 40. no. 3, pp. 425-429. Shah, J 2009, Supply chain management: Text and cases, Pearson Education, Upper Saddle River. Spulbe, D 2012, Global Competitive Strategy, Cambridge University Press, Cambridge. Taylor, D 2003, Supply chains: A managers guide, Pearson Professional Education, Harlow. Timans, W, Antony, J, Ahaus, K Solingen R 2013, Implementation of Lean Six Sigma in small- and medium-sized manufacturing enterprises in the Netherlands, The Journal of the Operational Research Society, vol. 6 3. no. 3, pp. 339-353. Tompkins, J Harmelink, D 2004, The supply chain handbook, Raleigh Press, New York. Wieriks, R 2013, The landscape of sustainability assurance: Towards further shaping the assurance approach, Erasmus Universiteit, Rotterdam. Wisner, J, Tan, K Leong, G 2011, Principles of supply chain management: A balanced approach, South-Western, Mason. Zhijun, L 2013, The Lenovo Affair: The Growth of Chinas Computer Giant and Its Takeover of IBM-PC, Cengage, New York.

Abortionessay essays

Abortionessay essays Pro-Choice or Pro-Life But oh, thrice guilty is he who drove her to desperation which impelled her to the crime [abortion] (Susan B. Anthony, 1869). In the Scott Foresman Advanced Dictionary, Thorndike and Barnhart defined abortion as the removal of a developing embryo or fetus from the uterus to terminate a pregnancy before birth resulting in death of the fetus (3). The abortion issue has become one of the worlds most controversial problems of today. The abortion issue is divided into two sides, pro-life and pro-choice. They focus on different aspects of receiving an abortion. At one end we have the pro-choice advocate-those who focus on womens right. The pro-choice supporters have reason to believe the fetus is only a potential human being. It has no right whatsoever, because the right belongs to the woman carrying the fetus, and it is she who decides on the length of time of the pregnancy. On the other end we have the pro-life -those who oppose abortion and focus on the fetus rights. They believe the fetus is a human being and has just as much legal right as the parents. The Bible states that everybody was created in the image of God. Therefore, taking the life of an innocent child is like killing the image of God. In the Bible, God said that thou shall not murder. Websters Dictionary and Thesaurus have defined murder as the unlawful and intentional killing of a human being (133). Is abortion moral or immoral? According to pro-life supporters, the unborn child is entrusted to the protection and care of the mother carrying it and yet the majority of the time it is the mother herself who makes the choice of whether or not the child should be aborted. The decision to abort the child may have come from problems dealing with the health of the mother or standard or living for the family. However, these excuses never justify the intentional killing of an innocent person. Many people claim that an e...

Technology and a youth community(you chose) Essay

Technology and a youth community(you chose) - Essay Example This essay discusses how youth communities today utilize technology in order to sustain the community and maintain their identity. Special focus is on the UK Youth Climate Coalition. Youth communities make important contribution to development in a society. These mainly are forums or platforms that enable young people in the society to acquire different skills that are vital for effective participation in society. Different youth communities are concerned with different aspects in society. While some youth communities are concerned with climate, others might focus on drugs, education, gender, discrimination, rights and freedoms, politics, youth empowerment, and youth leadership, among others. Overall, youth communities today have a positive impact in society, as well as on the lives of the participating youth. Apart from developing various skills, the participating youth are also exposed to various opportunities, and learn to be responsible team players and leaders. Owing to the benefits of youth communities, it is therefore, important that they are sustained, and their collective identity is maintained. Nonetheless, technology remains a major way that promotes the identity and sustenance of youth communities. The UK Youth Climate Coalition is a UK-based youth organization formed in the year 2008 and comprises youth between the ages of 18 and 29. Run by unpaid volunteers, the UK Youth Climate Coalition focuses on the area of climate change and envisions a world in which the environment is well protected, clean, safe and sustainable for all humanity (UK Youth Climate Coalition Web). In order to realize this vision, the UK Youth Climate Coalition focuses on important areas such as education, energy, jobs and the economy, transport, as well as the international community; as these act as stepping stones to making the organization’s vision become a reality. As a considerably large and popular youth community, the UK Youth Climate Coalition

DWI Plea Bargaining and Recidivism and relevance to deterrence and Thesis

DWI Plea Bargaining and Recidivism and relevance to deterrence and social learning theory - Thesis Example From the research it can be comprehended that social learning theory and general deterrence theories are two theories which may be used to combat the problem of drinking and driving. Social learning is based upon group behavior, and the assumption that groups have the same norms, values and beliefs, which are transmitted through the group. Behavior may also be punished or rewarded within the group, and modeling plays a part, in that individuals look at each others' behavior and imitate this behavior. The group also has definitions, which serve as justifications or excuses for behavior. This is the most important part of social learning theory. General deterrence theory, on the other hand, focuses on reinforcement, as opposed to association. It is solely focused on punishment, and the theory is that if punishment is both severe and certain, it is more likely to deter others from engaging in this particular behavior. This theory has less scientific evidence supporting it, although it c an coincide with social learning theory, in that part of social learning theory concerns vicarious reinforcement, which means that individuals in a group see others in their group be rewarded or punished for behavior, and react accordingly. General deterrence is a part in that, if a member of a group is punished, then this is a model to others to stop the behavior. Social learning theory has been implicated in criminality, in particular with regards to violence. Rosenstock, Stretcher, and Becker (1988) state that social learning theory is based upon expectancies and incentives. The expectancies consist of expectancies regarding environmental clues (how events are connected, and what leads to what); expectancies about the consequences of one's own actions; and expectancies regarding one's own competency to perform the behavior necessary to achieve the desired outcome. The incentives part of this equation consists of value of the particular outcome. Akers, Krohn, Lanza-Kaduce, Radosev ich (1979) conceive of social learning theory as a variance of operant conditioning combined with learning by observing other's behavior. In other words, social learning is dependent upon the factors governing operant conditioning, which is dependent upon rewards to reinforce good behavior and punishment to deter bad behavior. Either deviant or conforming behavior may be reinforced, depending upon the punishment and rewards one gets for one or the other behavior. Observation of others is the other part of this equation, and this is where individuals learn by watching others what kind of behavior is rewarded or punished. Others model for them what behavior is good and what behavior is bad – in particular, people learn from others who have great influence in their lives, like peers, teachers or parents. Akers (2006) states that social learning consists of four variables. The first is differential association. This means that the individual associates with others with behaviors, values and norms which are supportive of the particular act in question. This association may either be with peers, parents or others, and it may also be association with video games, television, on-line groups and the like. A definition refers to rationalizations, justifications and excuse for the behavior. Differential reinforcement refers to the anticipation of rewards or punishment for the behavior. Generally, the more likely the behavior is to be rewarded, the more likely the person will engage in this behavior. Imitation refers

Types of Budgets and Budgeting Techniques Research Paper

Types of Budgets and Budgeting Techniques - Research Paper Example Depending on the worth and value of a business, an organization creates a budget that well suits the resources and funds a business is exposed to. Additionally, different organizations have implemented different forms of budgeting. The different types of budgeting greatly depend on the time period and the monetary requirement by an organization. Some budgets are created only to cater to short time needs while others may be created to meet long time expectations of an organization (Cliche, 2012). The author further argues that some budgets are based on the expected income in a specific period of time while otherd are based on the cash in hand at the time of the creation of the budget. Kinds of Budget i. Operating Budgets This kind of budget is a financial statement that presents the financial plan for every expense and revenue (O’Sullivan & Sheffrin, 2003). The plan dictates the funds allocated to each responsibility around expenditure and revenues over the budget period. Opera ting budgets include the profit budget and revenue budget. The expense budget is a budget documentation that highlights the expected expenses over the budget period (Cliche, 2012). Forms of expenses include the variable discretionary and fixed expenses. Discretionary expenses are those that are created by the management decisions and cannot be based on certainty, for instance the accounting fees. Revenue budgets project the future sales of an organization based on the requirements of the organization. Profit budgets combine the results from the expense and revenue budget to create a final resource allocation system in the organization. ii. Financial Budgets Financial budgeting revolves around how an organization plans to get money and how it plans to use the funds. They include the cash budget, balance sheet budget and the capital expenditure budget (O’Sullivan & Sheffrin, 2003). The cash budget is based on the amount of funds an organization has on hand, and the expenses the organization has to cover over the budget period. It helps organizations evaluate the expense clearance capabilities. Capital expenditure budget helps an organization know whether they have enough funds to cover capital investment over the budget period. Capital investments include investment in heavy machinery or in buildings and property (Cliche, 2012). Balance sheet budget calculates the quantity of assets and liabilities over the budget period to be considered. iii. Variable Budgets Variable budgets are budgets created to offer more than the provisions of the fixed budget. They are flexible enough to cover the variations that may occur over the budget time (O’Sullivan & Sheffrin, 2003). However, variable budgets are difficult to prepare since the cost variables are difficult to predict and determine. iv. Zero Base Budgets In other budgeting creations, managers carry forward the results obtained from the previous calendar recordings. This is a shortcoming that makes an or ganization not evaluate their progress from a fresh start. In ZBB (zero-base budget) the results from the previous calendar are disregarded and a fresh financial plan is created (Cliche, 2012). In my organization, the most appropriate budget to use is the operational budget. The technique in this type of budgeting is based on the ability to record and allocate funds to each responsibility in the organization over the budget p