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:

Outsourcing

The practice of hiring external firms or individuals to perform services or create goods that traditionally were performed in-house.

Security Risks

Potential threats that could compromise the safety and security of individuals, data, or physical assets.

Service Risks

Service risks are potential threats or vulnerabilities that can affect the delivery or quality of services offered by a business or organization.

Organization's Culture

The shared values, beliefs, and practices that influence how members of the organization interact and work together.