A Static Budget Is a Financial Plan for Only One

question 149

True/False

A static budget is a financial plan for only one level of sales volume.

---

Definitions:

Psychological Denial

A defense mechanism in which an individual refuses to accept reality or facts, thereby avoiding dealing with painful feelings or events.

Competitive Challenges

Involve the difficulties and obstacles companies face while trying to gain a competitive edge and outperform their rivals in the market.

Talented People

Individuals possessing exceptional abilities, skills, or knowledge that contribute significantly to their fields of activity or organizational goals.

Unlock Potential

The process by which individuals or groups are encouraged and enabled to achieve greater capabilities or achieve new levels of performance.