A Budget May Be Used as a Planning Tool, but Not

question 120

True/False

A budget may be used as a planning tool, but not as a control tool.

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Definitions:

Reinforcers

Incentives such as awards, bonuses, promotions, gifts, and even compliments.

Incentives

Rewards or motivators provided to encourage specific actions or behaviors.

McClelland's Manifest Needs

A theory proposed by David McClelland that suggests human motivation is driven by three needs: achievement, affiliation, and power.

Successful Entrepreneurs

Individuals who have effectively identified market needs and have created businesses that meet these needs, demonstrating innovation and resilience.