A Static Budget Is Best Used to

question 28

Multiple Choice

A static budget is best used to

• A) measure whether or not a manager accomplishes his or her goals.
• B) compare expected costs at the actual level of activity with the actual costs.
• C) assess how well costs were controlled during the year.
• D) determine managerial efficiency.
• E) None of these.

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Definitions:

Assessing The Performance

The process of evaluating the efficiency, effectiveness, and productivity of an individual or organization's work.

Pay Increases

Adjustments made to employees' salaries to reward performance, match inflation, or position the company competitively in the job market.

360-Degree Appraisals

A feedback method in which an employee's performance is evaluated by a variety of people including supervisors, peers, and direct reports, often including a self-assessment.

Self-Evaluations

The process by which individuals assess and reflect upon their own performance, abilities, and qualities.