Group Activity: Creating a Budget. Form groups of two to four students. Each group is to complete the following requirements.
a. Assume you are a full-time student living in an apartment near your college campus. Create a personal budget that includes the typical monthly expenses you would expect to incur.
b. Explain how the control phase of budgeting would be implemented for the personal budget created in requirement a.
c. Discuss the findings of your group with the class. (Optional: your instructor may ask you to submit your findings in writing.)