Conduct a cost-benefit analysis. Apply life cycle costing analysis Compare a capital budget to an operating budget. Explain the financing of capital budgets.

1. Conduct a cost-benefit analysis.
2. Apply life cycle costing analysis
3. Compare a capital budget to an operating budget.
4. Explain the financing of capital budgets.
5. Compare short-term and long-term investment strategies.

 Recommend three investment objectives for short-term investments. 

 Explain what should be included in an investment policy statement for a local government.