A Budget Is a Qualitative Expression of a Plan of Action

question 123

True/False

A budget is a qualitative expression of a plan of action.

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Definitions:

Behaviourally Anchored Rating Scale

A performance appraisal method that uses specific examples of behavior to evaluate employees' performance rather than subjective judgments.

Morning Bias

Morning Bias refers to the potential for decision-making or judgment to be influenced by the time of day, especially a tendency to have different cognitive processing in the morning.

Subjective Performance Measures

Evaluation metrics based on personal judgments or opinions rather than quantifiable data, often used in performance reviews.

Frame-of-Reference Training

Training designed to standardize the evaluation criteria and rating scales used by evaluators, typically in the context of performance appraisal.