Both the Revenue and the Expenditure Cycle Can Be Viewed

question 71

Multiple Choice

Both the revenue and the expenditure cycle can be viewed as having two key parts.These are

• A)manual and computerized
• B)physical and financial
• C)input and output
• D)batch and real-time

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Definitions:

Productivity

The efficiency with which goods and services are produced, often measured in terms of output per unit of input.

Reinforcement Theory

A psychological principle stating that the future frequency of a behavior is increased or decreased based on the consequences it produces.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, suggesting that people are motivated by a hierarchy of needs starting from basic physiological needs to self-actualization.

Needs

Needs are basic or essential requirements that individuals must have met in order to live, work effectively, and achieve well-being, including physical, social, and psychological necessities.