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Discuss the Three Elements of a Cost Management System

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Discuss the three elements of a cost management system.


Definitions:

Attitude Theory

A study within social psychology that examines the structure, formation, and function of attitudes, which are psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Attribution

The process by which individuals explain the causes of behavior and events, attributing them to internal or external factors.

Capital Punishment

The legally authorized killing of someone as punishment for a crime, typically crimes of a severe nature such as murder.

Cognitive Dissonance

The discomfort experienced when holding two or more conflicting cognitions, leading to an alteration in beliefs, attitudes, or behaviors to reduce the discomfort.

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