The First Rule of Time Management Is To

question 3

Multiple Choice

The first rule of time management is to:

• A)be flexible.
• B)set goals.
• C)get a calendar or planner.
• D)avoid crises by pre-planning.

---

Definitions:

Actual Level

The real, observed state or amount of something, rather than estimated or predicted levels.

Variable Overhead Rate

The rate at which variable overhead costs fluctuate with changes in activity level or production volume, expressed per unit of activity.

Fixed Manufacturing Overhead

The consistent, static costs associated with manufacturing a product, such as rent for factory premises or salaries for permanent staff, which do not change with production volume.

Budget Variances

The difference between budgeted or planned financial activity and the actual financial performance, indicating over or underperformance against budget.