What Is Characteristic of an After-The-Fact Flexible Budget

question 33

Multiple Choice

What is characteristic of an after-the-fact flexible budget?

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

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Definitions:

Conformity

The act of aligning one's attitudes, beliefs, or behaviors to match those of a group or social standard, often due to perceived pressure.

Door-in-the-Face Technique

A persuasion strategy where an initially large request is made knowing it will be refused so that a smaller, more moderate request will seem reasonable by comparison.

Temporoparietal Junction

A region of the brain where the temporal and parietal lobes meet, involved in processing social information and theory of mind.

Occipital-Parietal

Referring to the occipital and parietal lobes of the brain, areas involved in processing visual and spatial information.