Explain Why a Company Would Need Both a Fixed and a Variable

question 45

Essay

Explain why a company would need both a fixed and a variable budget.

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Definitions:

Sabotaging a Policy

Deliberately obstructing or undermining the implementation or success of a specific policy or plan.

Modifying

The act of making changes to something, typically to improve it or to fit specific requirements.

Administrative Regulations

Rules and directives created by government agencies that have the force of law, governing how laws will be enforced and adhered to.

Top Management

The highest level of administrative and executive officers in an organization, responsible for directing its strategic objectives and operations.