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Refer to the scenario given to answer the following questions.
The Sea to Sky Collaborative (Scenario)
Nadia Mainardi is the senior planner for the Whistler-Blackcomb Regional Development Council. She has met with a group of stakeholders, including the British Columbia Ministry of Transportation, Tourism B.C., and others who are interested in working together to improve the Sea to Sky Highway between North Vancouver and Whistler. To date, Nadia has successfully obtained a Technical Assistance Grant from the province to help organize several small communities along the Sea to Sky Highway into an intergovernmental unit, all sharing the same mission and goals. Nadia is now charged with developing a strategic plan for this group, called the Sea to Sky Collaborative.
-While each community in the Sea to Sky Collaborative maintains its identity and independence, Nadia believes that the leverage of multi-governmental applications will ultimately secure more major funding in the future. However, due to the intergovernmental nature of the organization, Nadia, although in charge of the collaborative, wields little direct power over any member community individually. Which contingency factor best represents Nadia's situation?
Flexible Budget
A budget that adjusts or flexes with changes in activity or volume levels.
Revenue and Spending Variance
The deviation between actual and budgeted figures for both income and expenditures, providing insight into financial performance.
Tenant-Days
A measure used in property management, indicating the total number of days within a period that rental units were occupied.
Flexible Budget Performance Report
A financial report that compares actual results to a budget that adjusts based on the level of output or activity.
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