Which of the Following Is NOT a Benefit of a Static

question 206

Multiple Choice

Which of the following is NOT a benefit of a static budget performance report?

• A) It is useful in evaluating a manager's effectiveness when actual sales approximate budgeted amounts.
• B) It is useful in evaluating a manager's control over fixed costs.
• C) It is useful in evaluating a manager's control over variable costs.
• D) It is useful in evaluating a manager's control over fixed selling and administrative expenses.

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Definitions:

Human Capital

The combined abilities, expertise, and non-physical assets belonging to people that can generate economic benefits for themselves, their place of work, or their local area.

Natural Resources

Environmental assets such as minerals, woodlands, bodies of water, and cultivable land, available in nature and exploitable for economic growth.

Financial Institutions

Organizations that provide financial services, such as banks, insurance companies, and stock exchanges.

Capital Infrastructure

Fundamental facilities and systems serving a country, city, or area, including transportation, communications, sewage, water, and electric systems, that are necessary for economic activity.