A Static Budget Is Not Appropriate in Evaluating a Manager's

question 110

Multiple Choice

A static budget is not appropriate in evaluating a manager's effectiveness if a company has

• A) substantial fixed costs.
• B) substantial variable costs.
• C) planned activity levels that match actual activity levels.
• D) no variable costs.

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Definitions:

Accumulated Value

An accumulated value is a total sum that has been gathered or added up over time, often seen in contexts such as finance, statistics, or data collection.

Preset Value

A specific value assigned in advance to control or configure the behavior of a program or device.

Timer File

A collection of timers in a PLC or software application, organized in a specific format for scheduling or tracking events.

SLC 500

A series of small programmable logic controllers (PLCs) manufactured by Allen-Bradley designed for small to mid-size automation projects.