A Static Budget

question 32

Multiple Choice

A static budget:

• A) is based totally on prior year's costs.
• B) is based on one anticipated activity level.
• C) is based on a range of activity.
• D) is preferred over a flexible budget in the evaluation of performance.
• E) presents a clear measure of performance when planned activity differs from actual activity.

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Definitions:

Person-Job Fit

Person-job fit is the compatibility between an individual's skills, experiences, and values, and the demands of the job or the culture of the organization.

Flexible Working Hours

are non-standard work schedules that allow employees some choice in shaping their workday or workweek to balance personal and professional life.

Job Rotation

A human resources strategy where employees rotate between multiple positions within an organization to gain diverse skills and experiences.

Alternative Work Arrangements

Employment setups that differ from traditional full-time, in-office jobs, such as telecommuting, flexible schedules, and part-time positions.