A Manager Estimates That Revenues for the Coming Period Will

question 94

Multiple Choice

A manager estimates that revenues for the coming period will be $85,000 but includes only $80,000 in her budget.This is an example of

• A)pro-forma variance.
• B)revenue slack.
• C)budgetary padding.
• D)unfavorable planning.

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Definitions:

Time Management

The process of planning and exercising conscious control over the amount of time spent on specific activities, to increase effectiveness, efficiency, or productivity.

Challenges

Challenges are difficulties that require effort or skill to overcome.

Productivity

The efficiency of work, particularly in industrial settings, is gauged by the amount of output generated per input unit.

Task Maturity

The level of an individual's or group's ability to complete a specific task effectively and efficiently.