Short-Term Operating Decisions Can Be Translated into a Budget, Which

question 2

True/False

Short-term operating decisions can be translated into a budget, which is a plan of action expressed in monetary terms that compels management to look ahead and coordinate their activities.

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Definitions:

Compound

A substance made up of two or more elements chemically bonded together, characterized by having properties distinct from its component elements.

DRO

Differential Reinforcement of Other behavior, a technique used in behavior therapy where reinforcement is given for any response other than a targeted undesired behavior.

Contingency Reinforcement Schedule

A plan or method in operant conditioning by which a certain behavior is reinforced based on meeting specific conditions or criteria.

Differential Reinforcement Schedule

A schedule of reinforcement in which a specific number of behaviors must occur within a specified time in order for reinforcement to occur