The Degree of Discretion Managers Have to Make Total Compensation

question 21

Multiple Choice

The degree of discretion managers have to make total compensation a strategic tool is referred to as _____.

• A)managerial accountability
• B)democratic accountability
• C)managerial autonomy
• D)managerial liability

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Definitions:

Unfavorable

A term used in budgeting and accounting to describe a financial condition or variance that is worse than expected or budgeted.

Revenue Variance

The difference between actual revenue earned and the budgeted or expected revenue.

Spending Variances

The difference between the actual amount of money spent and the budgeted amount for various cost items.

Refurbishment

The process of cleaning, decorating, and providing new equipment or facilities to make a building or item look new again.