As Far as the Length of a Budget Period Is

question 94

Multiple Choice

As far as the length of a budget period is concerned:

• A)Quarterly budgets usually provide for more flexibility than do annual budgets.
• B)The longer the budget period,the more accurate is the budget.
• C)Longer budget periods provide for closer managerial control than do short periods.
• D)It is a mistake to tie the budget period to a product's seasonality.
• E)None of these is correct.

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Definitions:

Cognitive Dissonance

The psychological unease felt by a person who simultaneously maintains conflicting beliefs, ideas, or values.

Rationalizing Inconsistency

The process of logically justifying conflicting or incompatible behaviors and beliefs.

Re-evaluating Values

The process of reviewing and possibly changing one's priorities and beliefs based on new information or changing circumstances.

Perceived Equity

An individual's belief regarding the fairness of their treatment in comparison with others, especially in terms of workload and rewards.