It Is Important That the Manager Assigned to Lead a Responsibility

question 4

True/False

It is important that the manager assigned to lead a responsibility center be held accountable for its operations.

Recognize the different types of support products in business and their purposes.

Understand the role of industrial services in supporting business operations.

Identify the methods of promoting unsought products to increase consumer awareness.

Understand the role and authority of labour relations boards including certification of unions and holding representation votes.

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Definitions:

Budgetary Slack

The intentional underestimation of revenues and/or overestimation of expenses in a budget to create the appearance of having less money available than might actually be available.

Padding

The practice of inflating estimates or financial figures to create a buffer for unexpected costs or to create the appearance of greater value.

Static Budget

A fixed budget that does not change or adjust to variations in business activity levels, often used for control purposes in stable environment operations.

Flexible Budget

A budget that adjusts or flexes with changes in the volume or activity level.