Linh Was Hired as a Teller in a Bank and as a New

question 74

Multiple Choice

Linh was hired as a teller in a bank and as a new employee is required to work in different positions in the customer service department in order to gain exposure to a variety of tasks and to learn multiple jobs. This type of training is known as ___.

• A) off-the-job-training
• B) modelling
• C) job rotation
• D) coaching
• E) management development

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Definitions:

Budgeted Amount

The projected costs or revenues allocated to a specific activity or period, based on estimates.

Budget Ratcheting

The practice of setting future budget allocations based on the current period’s expenditures, discouraging under-spending in fear of budget cuts.

Budget Lapsing

A type of budgeting that does not allow managers to carry over budget surpluses from one year into the next year. Under a budget lapsing system, funds not spent are lost at the end of the budget period.

Master Budgets

Comprehensive financial planning documents that include both operational and financial budgets, providing a complete picture of organizational financial activities.