In a Chain of Discount Department Stores, Personnel Needs Are

question 171

Multiple Choice

In a chain of discount department stores, personnel needs are estimated in three different ways: (a) for a high demand season, (b) for a moderate demand season, and (c) for a slack season. By taking these three activity levels into account, managers are developing a ___.

• A) fixed budget
• B) flexible budget
• C) zero-based budget
• D) standing-use plan
• E) policy

---

Definitions:

Motivated

Having a strong desire or willingness to act or accomplish something; driven by certain motives or incentives.

Legally Nonexistent Principal

A legal concept referring to a supposed entity or person in a transaction who, in fact, does not have legal existence.

Agent

An individual or entity authorized to act on behalf of another, known as the principal, in business transactions or other matters.

Liable

Being legally responsible for something, especially in terms of owing compensation or facing legal penalties for wrongful actions.