Identify and Discuss the Key Features That a Budgetary System

question 8

Essay

Identify and discuss the key features that a budgetary system should have to encourage managerial, goal-congruent behaviour.

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Definitions:

Reinforcing Events

Situations or occurrences that strengthen the likelihood of a behavior being repeated.

Incremental Validity

Incremental validity refers to the additional usefulness of a test, measure, or variable in predicting outcomes or explaining variance when compared to other tests, measures, or variables.

Reliability

The degree to which an assessment tool, test, or method yields consistent and stable results over time.

Specifiers

Additional descriptors used in diagnostic classifications to provide more detailed characterizations of symptoms or disorders.