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:

Manage Themselves

The ability of individuals or groups to regulate their own actions and affairs without external intervention.

Relationships

The way in which two or more concepts, objects, or people are connected, or the state of being connected or interrelated.

Leader-follower Congruence

The degree of alignment between the values, goals, and actions of leaders and their followers within an organization or group.

Transparency

The practice of being open, honest, and straightforward about various activities, allowing stakeholders to have insight into the decisions and actions of an organization.