Budget Slack Is a Condition in Which

question 49

Multiple Choice

Budget slack is a condition in which

• A)demand is low at various times of the year.
• B)excess machine capacity exists in some areas of the plant.
• C)there is an intentional overestimate of expenses or an underestimate of revenues.
• D)managers grant favored employees extra time off.

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Definitions:

Conformity Pressures

The influence exerted by a group that encourages individuals to change their attitudes, values, or behaviors to align with group norms.

Asch

Refers to Solomon Asch, known for his research on conformity, specifically the experiments demonstrating the influence of group pressure on opinions.

Crutchfield Situation

A technique used in social psychology experiments to study conformity, where individuals must make judgments while being exposed to the presumed opinions of others.

Asch Situation

An experiment by Solomon Asch that demonstrated the power of conformity in groups, where individuals often agree with a consensus even if it is clearly incorrect.