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:

National Labor Relations Board

An independent U.S. federal agency created to enforce labor laws concerning collective bargaining and unfair labor practices, ensuring employees' rights to organize and bargain collectively are protected.

Employee Empowerment

Giving employees responsibility and authority to make decisions regarding all aspects of product development or customer service.

Financial Constraints

Limitations on the availability or use of financial resources that affect an individual's or organization's ability to make decisions or transactions.

Work Stoppages

Instances when work is temporarily halted due to disputes, strikes, or other issues between employees and management.