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Which of the Following Are True About Prediction Strategies, According

question 13

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Which of the following are true about prediction strategies, according to the text?

Use budget variance analysis to make managerial decisions and adjustments.
Understand the basic concepts and terminologies related to budgeting in a manufacturing and service business context.
Identify and calculate different types of variances (spending, activity, revenue) and their implications for business decision-making.
Analyze flexible budgets and understand how changes in activity levels affect budgeted income.

Definitions:

Moral Reasoning

The process by which individuals make decisions about what is right and wrong, based on ethical principles and moral codes.

Carol Gilligan

A psychologist and ethicist known for her work in gender studies and moral development, notably criticizing Lawrence Kohlberg's stages of moral development as male-biased.

Emotional Intelligence

The ability to understand, use, and manage one's own emotions in positive ways to relieve stress, communicate effectively, empathize with others, and overcome challenges.

Cognitive Judgments

The mental process of evaluating, making decisions, or forming opinions based on thought and reasoning.

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