A Static Budget Report

question 23

Multiple Choice

A static budget report

• A) shows costs at only 2 or 3 different levels of activity.
• B) is appropriate in evaluating a manager's effectiveness in controlling variable costs.
• C) should be used when the actual level of activity is materially different from the master budget activity level.
• D) may be appropriate in evaluating a manager's effectiveness in controlling costs when the behavior of the costs in response to changes in activity is fixed.

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Definitions:

BOTS Act

U.S. legislation aimed at combating bulk purchasing and automated scalping of tickets online.

Suspicious Activity

Unusual or questionable actions that may indicate a potential threat or criminal act.

E-commerce

The buying and selling of goods and services over the internet, as well as the transfer of money and data to execute these transactions.

B2B

Business to Business, a type of commerce transaction that exists between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer.