List the Three Important Guidelines That Should Be Followed in the Budgeting

question 26

Short Answer

List the three important guidelines that should be followed in the budgeting process.

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Definitions:

Job Characteristics Theory

A theory that suggests that the nature of a job itself affects employees' motivation, satisfaction, and performance, identifying five core job dimensions that impact these outcomes.

Job Rotation

A human resources strategy where employees rotate between various jobs at the same business to gain experience and skills across different roles and departments.

Cash Register

An electronic or mechanical device used in retail environments to calculate and record sales transactions, and to store cash.

Stock Management

The process of ordering, storing, tracking, and controlling inventory to ensure that a company has the right amount of goods on hand to meet customer demand.