When a Manager Is Concerned with Monitoring Total Cost, Total $\begin{array} { l l l } & \text { Flexible Budgeting } & \text { Standard Costing } \\\end{array}$

question 105

Multiple Choice

When a manager is concerned with monitoring total cost, total revenue, and net profit conditioned upon the level of productivity, an accountant should normally recommend: (CPA adapted)
$\begin{array} { l l l } & \text { Flexible Budgeting } & \text { Standard Costing } \\\end{array}$
A. $\begin{array} { l l l } &&& \text { Yes } &&&&&&& \text { No } \\\end{array}$
B. $\begin{array} { l l l } &&& \text { Yes } &&&&&&& \text { Yes } \\\end{array}$
C. $\begin{array} { l l l } &&& \text { No } &&&&&&& \text { Yes } \\\end{array}$
D. $\begin{array} { l l l } &&& \text { No } &&&&&&& \text { No } \\\end{array}$

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Definitions:

Self-Sufficiency

The ability of an individual or group to meet their own needs without external assistance.

American Family

The family unit in the United States, characterized by a variety of structures and dynamics, influenced by cultural, social, and economic factors.

Middle Class

A social group between the upper and working classes, including professionals and businesspeople, characterized by moderate to comfortable economic security.

Par Value

The face or nominal value of a bond, stock share, or coupon, as declared by the issuer.