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Which Type of Economic Sectors Has a Low Sensitivity to the Business

question 36

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Which type of economic sectors has a low sensitivity to the business cycle?


Definitions:

Controllable Items

Items or costs in business that can be directly managed or influenced by decisions made by the company or its managers.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels of a company.

Master Budget

A comprehensive financial planning document that includes all of an organization's budgets and financial plans.

Total Budgeted Fixed Costs

The sum of all costs that do not change with the level of production or sales over a certain period.

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