Essay
As indicated in the text, one of the behavioral issues associated with budgeting deals with the linkage of employee compensation to budgeted performance.In this regard, distinguishbetween so-called fixed performance contracts the use of relative performance (relative improvement) contracts along with "rolling financial forecasts." With respect to the use of fixed performance contracts, define what is meant by the term "gaming the performance indicator." With respect to the use of relative performance contracts, define what is meant by the term "rolling financial forecasts."
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