According to GASB Standards Relating to Budgetary Accounting,the Budget,when Adopted

question 37

True/False

According to GASB standards relating to Budgetary Accounting,the budget,when adopted according to procedures specified by state laws,is binding upon the administrators of a governmental unit.

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Definitions:

Reactive Change

Modifications or adjustments made in response to emerging issues or problems within an organization, rather than anticipating them ahead of time.

External Environment

Consists of all factors outside an organization that can affect its performance, including economic conditions, competitors, and regulatory policies.

HR Assessment

The process conducted by the human resources department to evaluate and improve organizational effectiveness, employee performance, and compliance with regulations.

Human Resource Planning

The process of identifying current and future human resources needs for an organization to achieve its goals.