Why Budgets Are Created and How Budgets Are Used to Assess

question 5

Essay

Why budgets are created and how budgets are used to assess performance?

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Definitions:

Conservative

A political and social philosophy that promotes retaining traditional social institutions in the context of culture and civilization.

Moralistic

Pertaining to the expression of ideas about what is right or wrong behavior; often involving the imposition of moral standards onto others.

Superego

In Freudian psychoanalysis, the part of the personality that represents internalized ideals, moral standards, and conscience, acting to suppress urges of the id and striving to make the ego act morally.

Moral Component

The aspect of a decision, action, or character that pertains to principles of right and wrong behavior.