Among the Most Important Differences in the Respective Working Environments

question 14

Multiple Choice

Among the most important differences in the respective working environments of public and private managers are, first, the "goldfish bowl" of publicity facing the public manager and, second, the public manager's

• A)ability to control subordinates' careers.
• B)ability to employ precise evaluation measures.
• C)exclusive power to set agency goals.
• D)having to operate under much tighter time constraints.

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Definitions:

Fixed Overhead Budget Variance

This term refers to the difference between the budgeted fixed overhead costs and the actual fixed overhead costs incurred.

Standard Fixed Manufacturing Overhead Rate

The predetermined rate used to apply fixed manufacturing overhead to products, based on an estimate of total fixed manufacturing costs and an allocation basis.

Actual Fixed Overhead Costs

The real costs incurred for fixed overhead during a specified accounting period.

Budgeted Activity

The planned level of output or activity for a specific period, used for planning and control purposes.