Which of the Following Statements Describes Roosevelt's Approach to Confronting

question 38

Multiple Choice

Which of the following statements describes Roosevelt's approach to confronting the issues of the time upon taking office?

• A) He developed a decisive, comprehensive plan at the outset, proving unbending when his cabinet advised him to make changes to it.
• B) He took a predominantly sit-back approach, leaving most of the work to his advisers and Congress and offering little guidance.
• C) He focused predominantly on the banking crisis and virtually ignored other issues such as commodity prices and the relationship between unions and management.
• D) He took an active approach, trying out a series of "experiments" with the guidance of specialists such as professors, economists, and social workers.
• E) He gave a series of inspiring speeches but was hesitant to pass any legislation until after the first 100 days, the only point at which he felt issues could be properly assessed.

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, allowing more accurate budgeting and variance analysis.

Relevant Range

The range of activity within which assumptions about variable and fixed cost behavior are valid.

Variable Cost

Costs that vary directly with the level of production output or volume, such as raw materials and direct labor.

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours worked, multiplied by the standard labor rate.