A Budget Is Not Intended to Help You Determine

question 44

Multiple Choice

A budget is not intended to help you determine

• A) how much money you will have at the end of each month.
• B) a plan for spending all of your income on current needs.
• C) how much you can allocate for the future.
• D) how to prevent excessive spending to achieve financial goals.

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Definitions:

Positive Reinforcement

A term from reinforcement theory, positive reinforcement refers to the situation in which a behavior is followed by positive consequences and thus is likely to be repeated.

Punishment

The imposition of a penalty or consequence as a result of a person's actions or behaviors, intended to reduce or eliminate those behaviors.

Intrinsic Motivation

The drive to perform activities for their own sake and for the internal satisfaction and fulfillment they bring, rather than for external rewards.

Expectancy Theory

A motivation theory stating that an individual's motivation is influenced by the belief that effort will lead to performance and performance will lead to desired rewards.