In Dealing with a Negative Situation,if Company Leaders Try to Convince

question 15

True/False

In dealing with a negative situation,if company leaders try to convince the public the firm is not responsible and the predicament could not have been foreseen,the company is using excuses are a form of impression management.

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Definitions:

Flexible Budget Performance Report

compares actual results to budgeted amounts adjusted for the actual level of output, aiding in the evaluation of financial performance.

Cost Driver

A factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes overhead costs.

Activity Variances

Differences between planned activities (budgeted) and actual activities in management accounting, used for monitoring performance and guiding decisions.

Flexible Budget

A budget that adjusts or flexes with changes in the volume or activity level, allowing for better budgetary control under different operational circumstances.