Which of the Following Is Characteristic of an After-The-Fact Flexible

question 110

Multiple Choice

Which of the following is characteristic of an after-the-fact flexible budget?

• A)It is a budget for the actual level of activity.
• B)It allows managers to deal with uncertainty.
• C)It can be used to generate results for a number of plausible scenarios.
• D)It is a useful planning tool.

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Definitions:

Normal Curve

A bell-shaped curve that represents the distribution of many types of data where most values are close to the mean.

Standard Deviations

A statistical measure that quantifies the amount of variation or dispersion of a set of values.

Positive Correlation

A relationship between two variables where an increase in one variable is associated with an increase in the other variable.

Dependent Variable

In experimental and statistical research, the variable that is being tested and measured to see if it is affected by changes in another variable (the independent variable).