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:

Maintenance Behavior

Actions taken to preserve and sustain desired conditions or states in various contexts, including personal well-being, relationships, and physical assets.

Change-Oriented Behavior

Actions and activities that individuals or groups undertake with the intention of bringing about alteration in the current state of affairs or status quo.

Encouraging Innovation

Promoting and supporting new ideas, methods, and approaches to solve problems or create value.

Taxonomies

are systems of classification that organize concepts, objects, or information into categories based on common characteristics, widely used in biology, information science, and other fields.