What Is the Correct Sequence in the Budgeting Process

question 27

Multiple Choice

What is the correct sequence in the budgeting process?

• A)Identifying the alternatives;Evaluating the alternatives
• Defining the objectives;Monitoring actual performance
• Taking corrective action;Creating a long-term plan
• Implementing the long-term plan: budgeting
• B)Identifying the alternatives;Evaluating the alternatives
• Taking corrective action;Creating a long-term plan
• Defining the objectives;Monitoring actual performance
• Implementing the long-term plan: budgeting
• C)Defining the objectives;Creating a long-term plan
• Implementing the long-term plan: budgeting
• Monitoring actual performance;Identifying the alternatives
• Evaluating the alternatives;Taking corrective action
• D)Defining the objectives;Identifying the alternatives
• Evaluating the alternatives;Creating a long-term plan
• Implementing the long-term plan: budgeting
• Monitoring actual performance;Taking corrective action

---

Definitions:

Peripheral Route Persuasion

A method of persuasion that influences individuals indirectly, by focusing on cues other than the direct message, such as the attractiveness or credibility of the source.

Central Route Persuasion

Central route persuasion is a method of persuasion that involves deeply processing the content of the message, leading to a lasting attitude change. It requires the audience's active and effortful engagement with the message.

Logical Arguments

Reasoning where premises are systematically connected to arrive at a justified conclusion.

Cognitive Dissonance Theory

A theory suggesting that individuals experience psychological discomfort when they hold two or more contradictory beliefs, values, or ideas and are motivated to resolve this inconsistency.