Because of the Dynamics of the Workforce,for Example,whether or Not

question 23

Multiple Choice

Because of the dynamics of the workforce,for example,whether or not workers become discouraged when there are changes in the economy,

• A)the unemployment rate is not necessarily an accurate gauge of the labor market.
• B)the unemployment rate is a precise gauge of the labor market.
• C)it might be best to consider the employment population ratio rather than the unemployment rate.
• D)Both a and c are correct
• E)None of the above is correct.

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Definitions:

Flexible Budget

A budget that shows the expected results of a responsibility center for several activity levels.

Static Budgets

Financial plans that remain unchanged over the budget period, irrespective of any variations in activity levels.

Master Budgeting

A comprehensive financial planning document that includes all of an organization's budgets for a specific period.

Budget Preparation

The process of creating a plan that estimates the revenue and expenses for a future period.