Assume That the Expectations on the Static Budget Were Met

question 41

Multiple Choice

Assume that the expectations on the static budget were met.We can conclude that

• A) the static budget was ill conceived.
• B) the effectiveness of the manager is not in question.
• C) the manager is very efficient.
• D) there is no need for a flexible budget.
• E) None of these.

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Definitions:

Convergent Thinking

A thought process that attempts to focus on the single best solution to a problem.

Relativistic Thinking

Recognition that judgments are often not absolute but made from a certain belief system or cultural background.

Conventional Thinking

A mode of thought based on accepted norms and standards, often contrasted with creative or critical thinking approaches.

Transitivity

A principle in logic and mathematics stating that if a relation holds between a first and a second element, and also between the second and a third, it must necessarily hold between the first and the third.