A Software Tool Used to Automate One or More Steps

question 4

Multiple Choice

A software tool used to automate one or more steps of a software development methodology is referred to as:

• A) RAD.
• B) Piloting.
• C) JAD.
• D) CASE.

Evaluate the financial performance of a company using budgetary data.

Understand the concepts of fixed and variable costs in budgeting.

Learn to calculate and interpret the planning budget.

Understand the flexible budget and its adjustments.

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Definitions:

Management by Exception

A management strategy where managers only intervene in decision making when performance deviates significantly from standards, allowing more focus on important issues.

Controllable

Refers to costs or elements within a business that can be directly managed, influenced, or altered by decisions of management.

Noncontrollable

Refers to expenses or influences that cannot be altered or changed by the management due to external constraints or fixed contract terms.

Flexible Budget

A budget that adjusts or varies with changes in the volume or activity level of a company.