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Recall that in experiments presented in your text (Leippe & Eisenstadt, 1994; 1998) , why did white participants experience dissonance after writing essays in favor of doubling scholarship funds for minority students?
Anticipated Costs
Estimated costs expected to be incurred in the future for a project, activity, or operation.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity, making it more useful for controlling costs than a static budget.
Worst-Case Scenario
The most adverse or unfavorable outcome that may happen in a given situation.
Flexible Budget Performance Report
A report comparing actual costs and revenues with budgeted figures adjusted for actual levels of activity, to evaluate performance.
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