The Budgeting Technique That Provides for Employee Input into the Planning

question 9

Multiple Choice

The budgeting technique that provides for employee input into the planning process is known as:

• A) continuous budgeting.
• B) perpetual budgeting.
• C) participative budgeting.
• D) zero-based budgeting.

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Definitions:

Consumer Surplus

The gap between the overall sum consumers are ready and able to spend on a product or service and what they really spend.

Cognitive Dissonance

A psychological discomfort experienced when simultaneously holding two or more conflicting beliefs, ideas, or values.

Self-Serving Bias

A common cognitive bias where individuals attribute their successes to internal factors while blaming external factors for their failures.

Cognitive Component

Refers to the beliefs, thoughts, and knowledge that influence how an individual understands and interacts with the world.