What Is a Budget Contingency and What Are Three Reasons

question 32

Essay

What is a budget contingency and what are three reasons it might be useful?

Identify examples of feedforward control in predictive decision-making.

Recognize the importance of organizational culture as part of the control subsystem.

Understand the components and importance of organizational control systems.

Understand the concepts and mechanisms of attributions in social psychology.

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Definitions:

Unconditioned Stimulus

The stimulus normally produced by the unconditioned response (e.g., food producing salivation).

Expectancies

What someone expects to happen, based on past experiences of what was rewarding.

Rewards

Benefits or positive feedback received as a result of an action, which serve as reinforcement for that behavior.

Punishment

The imposition of an undesirable or unpleasant outcome upon a group or individual, in response to a behavior deemed unacceptable or unsatisfactory.