Organizational Development Uses the Knowledge of Behavioural Science

question 90

True/False

Organizational development uses the knowledge of behavioural science.

Recognize the role and preparation of sales, production, and cash budgets in the budgeting process.

Understand the importance and method of estimating sales and cash receipts for budgeting purposes.

Grasp the concept of budget revision methods including continuous and rolling budgets.

Identify the purposes and impacts of both operating and capital expenditure budgets on financial planning.

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Definitions:

Introversion

A personality trait characterized by a preference for solitary activities and environments, where individuals focus more on internal thoughts and feelings rather than seeking external stimulation.

Extraversion

A personality trait characterized by an individual's preference for social interaction, high levels of enthusiasm, and energy.

Reciprocal Determinism

Reciprocal determinism is a concept in psychology, proposed by Albert Bandura, suggesting that an individual's behavior is both influenced by and influences their personal factors and the environment.

Cognitive Processes

Mental activities and operations that involve acquiring, storing, retrieving, and using information.