A Budget Based on Prior Year's Budget as a Starting

question 56

Multiple Choice

A budget based on prior year's budget as a starting point is a:

• A)Zero-based budget
• B)Prior year budget
• C)Incremental budget
• D)Mandatory budget

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Definitions:

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and ignore situational factors in judging others' behavior.

Individualistic

Characterized by a preference for independence and self-reliance, often prioritizing personal goals over group goals.

East Asian

Referring to the geographic, cultural, or ethnic aspects of countries and peoples located in the eastern part of Asia, such as China, Japan, and Korea.

Central Route Persuasion

Attitude-change path in which interested people focus on the arguments and respond with favorable thoughts.