The Type of Budget That Is Based on One Level

question 177

Multiple Choice

The type of budget that is based on one level of output, without adjustment for any operational or financial changes is called

• A)a balanced budget.
• B)a cost budget.
• C)a flexible budget.
• D)a static budget.
• E)a standard budget.

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Definitions:

Actual Performance

The real, observed output or results of an individual's or organization's work, as opposed to expected or theoretical outcomes.

Managerial Attention

The focus and prioritization that managers give to specific issues, projects, or tasks.

Management By Exception

A leadership strategy where managers intervene only when performance deviates significantly from standards, allowing for more autonomous operation otherwise.

Performance Objectives

Performance objectives are specific goals identified to measure the effectiveness and efficiency of an employee's job performance.