The Practice of Managers Knowingly Including a Higher Amount of Expenditures

question 95

Multiple Choice

The practice of managers knowingly including a higher amount of expenditures (or lower amount of revenue) in the budget than they actually believe will occur is called:

• A) Goal congruency.
• B) Resource capacity planning.
• C) Participative budgeting.
• D) Budgetary slack.
• E) Kaizen budgeting.

Explain horizontal specialization and its forms.

Understand environmental complexity and how it impacts organizations.

Understand the key legal concepts involved in resolving disputes over debt payments, including the difference between liquidated and unliquidated debts, and accord and satisfaction.

Identify the characteristics and enforceability of unilateral and bilateral contracts, including the requirement of consideration.

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Definitions:

UPS

Uninterruptible Power Supply; a device that provides emergency power to a load when the input power source fails.

Air Vents

Openings designed to allow air to enter or exit a space or component, used for cooling, ventilation, or air circulation.

External Hard Drive

A portable storage device used to back up or store files, connected to a computer or another device via USB or another interface.

Internal Hard Drive

A data storage device located inside a computer that stores all types of digital information.