Define Budgeting and Control

question 37

Essay

Define budgeting and control. How are budgets used in planning? How are budgets used to control? What are some of the reasons for budgeting?

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Definitions:

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, leading to a learned response.

Condition Monitoring

The practice of monitoring the condition of machinery or equipment, using various techniques to prevent failure and maintain operational efficiency.

Weaken a Behavior

The process of reducing the frequency or intensity of an undesired behavior, often through negative reinforcement or punishment.