In the Control Phase of Budgeting It Is Not Necessary

question 36

Multiple Choice

In the control phase of budgeting it is not necessary to:

• A) investigate all variances.
• B) decide on management action.
• C) provide timely information to management.
• D) compare actual performance with budget estimates.

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Definitions:

Variable Ratio

A reinforcement schedule where a response is reinforced after an unpredictable number of responses, leading to high and steady response rates.

Fixed Ratio

A schedule of reinforcement where a response is rewarded only after a specified number of responses, in behavioral psychology.

Variable Ratio

A reinforcement schedule that rewards a response after a random number of responses, making it very resistant to being extinguished.

Fixed Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed, leading to a pattern of response immediately after the interval passes.