Flexible Budgets and Standard Costs, If Used Appropriately, Can Be

question 34

Multiple Choice

Flexible budgets and standard costs, if used appropriately, can be useful for assessing:

• A) Strategic performance during the most recent period.
• B) Operating performance during the period.
• C) Short-term financial performance.
• D) Management control.
• E) The level of control over basic business processes.

---

Definitions:

Service

The action of helping or doing work for someone, often referring to activities that meet the needs or enhance the well-being of others.

Matrix Structure

An organizational structure that creates dual lines of authority and combines functional and product departments in a single operations framework.

Strategic Issues

Fundamental challenges or opportunities that affect an organization's ability to achieve its objectives, requiring strategic decision-making.

Top Managers

Individuals at the highest level of an organization's management who have the day-to-day responsibilities of running the company and setting strategic goals.