A Variant of Fiscal-Year Budgeting Whereby a Twelve-Month Projection into the Future

question 150

Multiple Choice

A variant of fiscal-year budgeting whereby a twelve-month projection into the future is maintained at all times is termed:

• A) flexible budgeting
• B) continuous budgeting
• C) zero-based budgeting
• D) master budgeting

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Definitions:

Need For Cognition

A tendency to engage in and enjoy effortful thinking, analysis, and mental problem solving.

Personal Relevance

Degree to which people expect an issue to have significant consequences for their own lives.

Significant Consequences

Outcomes or results of actions that have a notable impact on individuals, groups, or systems, often causing lasting changes.

Elaboration Likelihood Model

A theory explaining how people process persuasive messages, differentiating between a central route of careful scrutiny and a peripheral route of cues external to the message.