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Proper Handling of Human Relations Is Essential to the Establishment

question 62

Essay

Proper handling of human relations is essential to the establishment of an effective budgeting system.There is a natural tendency for people to be uncomfortable with budgets.Describe how participative budgeting helps create a healthy atmosphere surrounding the budgeting process.


Definitions:

Unilateral Contract

A contract in which one party promises to perform a certain action in response to an act of the other party.

Offeree's Performance

The actions or fulfillment of conditions by the party to whom an offer has been made in a contract scenario.

Reward

A sum offered for the performance of some service or attainment of a specific goal, typically by the government or other institutions.

Accord

An agreement between parties to settle a dispute by making concessions.

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