According to the MARS Model, Ability Is the Most Important

question 207

True/False

According to the MARS model, ability is the most important force influencing individual behaviour and results.

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Definitions:

Static Budgets

A budget that is created for a single level of activity and does not change in response to variations in business activity levels.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels within a business.

Total Budgeted Cost

The aggregate estimated costs of various aspects for a project or a business operation for a specific period.

Controllable Items

Items or costs in business that can be directly managed or influenced by decisions made by the company or its managers.