One Result of Mental Budgeting Is That a Consumer Who

question 92

True/False

One result of mental budgeting is that a consumer who has recently splurged on spending in one category will tend to make up for the exuberance through under-consumption in another category.

Understand the concept and purpose of zero-based budgeting.

Recognize factors that contribute to budget acceptance.

Identify strategies for managing performance, including the creation and impact of budgetary slack.

Understand how budgeting is used to evaluate performance and provide incentives.