Flexing the Budget Means

question 19

Multiple Choice

Flexing the budget means:

• A) ignoring previously set targets.
• B) revising the original budget estimates to produce a budget based on the actual volume of activity.
• C) revising the budget sales figure to match actual sales.
• D) revising the budget to reflect changes in management behaviour.

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Definitions:

Pretentious

Characterized by an attempt to seem more important or knowledgeable than one actually is, often by affecting greater importance or merit.

Preformed Schemas

Cognitive structures or frameworks that help individuals organize and interpret information, often based on past experiences and societal norms.

Stereotypes

Oversimplified standardized images or ideas held by individuals about members of a particular group.

Political Liberal

An individual who favors progressive political policies, advocating for social equality, and typically supporting individual rights and freedoms.