A Static Budget Is Appropriate in Evaluating a Manager's Performance

question 165

Multiple Choice

A static budget is appropriate in evaluating a manager's performance if

• A) actual activity closely approximates the master budget activity.
• B) actual activity is less than the master budget activity.
• C) the company prepares reports on an annual basis.
• D) the company is a not-for-profit organization.

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Definitions:

Direct Experience

Knowledge or skill acquisition through firsthand involvement or activity, without intermediation.

Past Performance

Previous accomplishments or performance levels, often evaluated in various contexts like job applications or investment strategies.

Control

In scientific experiments, the standard conditions that the experimental groups are compared against.

Behavior Change

A process of altering habits, actions, or attitudes to improve health, meet personal goals, or adapt to new situations.