Activity-Based Budgeting Is a Budget System Based on Expected Activities

question 53

True/False

Activity-based budgeting is a budget system based on expected activities and their activity levels, which helps management plan for the resources required.

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Definitions:

Entitleds

Individuals who believe they deserve preferential treatment and are overly self-centered in their relations with others.

Negative Inequity

A perception of unfairness experienced when an individual perceives they have received less in comparison to others, despite similar input or effort.

Equity Theory

A theory of motivation that focuses on the fairness of how rewards and resources are distributed within social groups or organizations.

Equity Theory

A theory in social psychology that explains how individuals perceive and react to fairness or unfairness in distribution of resources within their interpersonal relationships.