Among the Advantages of the Participative Approach to Budgeting Is

question 3

Multiple Choice

Among the advantages of the participative approach to budgeting is:

• A) It relieves the finance department of most potential involvement.
• B) It produces a more realistic plan than could be developed by other means.
• C) It affords the supervisor ultimate budget approval.
• D) It makes acceptance easier for administration and the board of directors..

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Definitions:

Spreading Activation

The excitation of one node in a semantic network by the excitation of another node to which it is connected. The excitation is said to flow across the connections.

Loftus

Loftus refers to Elizabeth Loftus, a cognitive psychologist known for her work on the malleability of human memory and the misinformation effect.

Hierarchical Models

Hierarchical models refer to statistical models that consider data to be generated from processes that operate at multiple levels of analysis, providing a way to analyze data with nested structures.

Siamese Cats

A breed of domestic cats known for their striking color contrasts, blue almond-shaped eyes, and social, vocal nature.