A Major Weakness of Flexible Budgets Is That

question 283

Multiple Choice

A major weakness of flexible budgets is that:

• A)they are valid for only a single level of activity.
• B)they ignore fixed costs.
• C)they compare actual costs at one level of activity to budgeted costs at a different level of activity.
• D)none of these is a major weakness of flexible budgets.

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Definitions:

Preconscious

The part of the mind that contains thoughts and feelings that are not currently in consciousness but can be accessed.

Subconscious

The part of the mind not fully accessible to conscious thought but affecting behavior and emotions.

Psychological Types

To Jung, eight personality types based on interactions of the attitudes (introversion and extraversion) and the functions (thinking, feeling, sensing, and intuiting).

Psychological Functions

The cognitive and emotional activities and processes that underlie human behavior, including perception, thinking, memory, and emotion.