It Is Not Necessary in the Control Phase of Budgeting

question 15

Multiple Choice

It is not necessary in the control phase of budgeting to:

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

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Definitions:

Foot-In-The-Door

A persuasion technique where agreement to a small request increases the likelihood of compliance with a larger request later.

Cognitive Components

The mental processes involved in perception, memory, judgment, and reasoning, which are fundamental to understanding and responding to the environment.

Affective Components

Refers to the emotional or feeling segments of an attitude, which influence how an individual feels about an object, person, or situation.

Reference Group's Attitude

The collective opinions, beliefs, or norms of a group that an individual identifies with or aspires to join, influencing their behavior and perspectives.