The Budget Procedure That Requires All Levels of Management to Start

question 188

True/False

The budget procedure that requires all levels of management to start from zero in estimating sales, production, and other operating data is called continuous budgeting.

---

Definitions:

Internal Stimuli

Stimuli that originate from within an organism, including hunger, thirst, pain, and emotion, influencing behavior and perception.

Aesthetic Needs

Human desires related to the appreciation of beauty, art, and pleasing experiences in one's environment.

Cognitive Needs

Psychological requirements for understanding, curiosity, knowledge, and meaning.

Esteem Needs

According to Maslow's hierarchy, the human need for respect, self-esteem, and recognition from others.