It Is Important in Lateral Communication to Remember to

question 22

Multiple Choice

It is important in lateral communication to remember to

• A) pass the message along
• B) put the message in writing
• C) let the supervisor know decisions
• D) use the cross-functional team

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels of the organization.

Variable Budget

A financial plan that adjusts for changes in the volume of activity, allowing for flexible cost controls depending on actual performance.

Management by Exception

A management strategy where only significant deviations from set standards are brought to the attention of management.

Variances

The differences between planned or expected financial outcomes and the actual results achieved.