The Primary Difference Between a Static Budget and a Flexible

question 113

Multiple Choice

The primary difference between a static budget and a flexible budget is that a static budget

• A) is suitable in volatile demand situation while flexible budget is suitable in a stable demand situation.
• B) is concerned only with future acquisitions of fixed assets, whereas a flexible budget is concerned with expenses that vary with sales.
• C) includes only fixed costs, whereas a flexible budget includes only variable costs.
• D) is a plan for a single level of production, whereas a flexible budget can be converted to any level of production.

Understand the dynamics of managing individuals within the organizational behavior model.

Recognize the importance and impact of positive organizational behavior in the workplace.

Identify the components and importance of human capital in organizational strategy.

Differentiate between the levels of organizational behavior analysis (individuals, teams, and organizations).

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Definitions:

PROCEED Model

A model or framework that guides in planning health programs by taking into account various factors, including policy, regulatory, and organizational constructs in educational and environmental development.

Affirmative Action

Policies or measures that aim to increase opportunities for historically disadvantaged groups by considering those group memberships in decisions.

Reverse Discrimination

Discrimination against members of a dominant or majority group, often as a result of policies intended to correct discrimination against minority or disadvantaged groups.

EEO

Equal Employment Opportunity, a principle that ensures fair treatment to all employees and job applicants irrespective of race, color, religion, sex, national origin, age, disability, or genetic information.