What Is a Budget Contingency and What Are Three Reasons

question 32

Essay

What is a budget contingency and what are three reasons it might be useful?

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Definitions:

Psychological State

An individual's mental condition that influences their feelings, thoughts, and behavior at a given time.

Vulnerable

Susceptible to physical or emotional attack or harm due to a position of disadvantage or lessened defense.

Perceived Organizational Support

Employees' belief that their organization values their contributions and cares about their well-being.

POS

Stands for "Perceived Organizational Support," reflecting the extent to which employees believe their organization values their contributions and cares about their well-being.