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Briefly Describe the Attributes of an Ideal Budgetary System

question 95

Essay

Briefly describe the attributes of an ideal budgetary system. What features of budgeting have been identified that encourage positive behaviour?


Definitions:

Acidic

Having a pH less than 7, indicating the presence of a higher concentration of hydrogen ions (H+) in solution.

Hydrophobic

Characterized by a tendency to repel water; substances that do not mix with water.

Buffered

A solution's capacity to resist changes in pH when acids or bases are added.

Polar Solvents

Substances that have a partial positive and partial negative charge, making them effective at dissolving ionic and other polar substances.

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