A Flexible Budget

question 115

Multiple Choice

A flexible budget

• A) is prepared when management cannot agree on objectives for the company.
• B) projects budget data for various levels of activity.
• C) is only useful in controlling fixed costs.
• D) cannot be used for evaluation purposes because budgeted data are adjusted to reflect actual results.

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Definitions:

Humanistic Perspective

The “third force” in psychology that focuses on those aspects of personality that make people uniquely human, such as subjective feelings and freedom of choice.

Psychoanalytic Perspectives

A set of theories and therapeutic approaches in psychology that emphasize the influence of the unconscious mind on behavior, originating with the work of Sigmund Freud.

Personality

The combination of emotional, attitudinal, and behavioral response patterns of an individual.

Id

Part of the personality present at birth and completely unconscious.