A Limitation of Financial Budgets Is That They Can Hide

question 20

True/False

A limitation of financial budgets is that they can hide inefficiencies if based solely on precedent rather than on periodic evaluation of circumstances and standards.

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Definitions:

Desirable

Qualities or features that are attractive or worth having.

Intermittent Reinforcement

A conditioning schedule where rewards or punishments are given out unpredictably, significantly impacting behavior.

Continuous

An unbroken, uninterrupted sequence or condition, often referring to processes or phenomena.

Schedules of Reinforcement

The strategy or pattern in which rewards or punishments are given to encourage or discourage behavior.