The Budget Process Is a Loop That Consists of ________

question 114

Multiple Choice

The budget process is a loop that consists of ________.

• A) planning, acting, and controlling
• B) developing strategies, planning, acting, and controlling
• C) developing strategies, planning, and acting
• D) developing strategies, acting, and controlling

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Definitions:

Scienter

In cases of fraud and deceit, the word means knowledge on the part of the person making the representations, at the time when they are made, that they are false. In an action for deceit, scienter must be proved.

Duress

A situation where a person is forced to perform an act against their will or face threats, violence, constraints, or other action upon their person or property, which is used as a means to compel their agreement or action.

Undue Influence

A situation where an individual is able to influence another person's decisions due to a special relationship, often leading to unfair advantages.

Ratification

The adoption or affirmance by a person of a prior act that did not bind him.