A static budget:
a. should be compared to actual costs to assess how costs were controlled.
b. should be compared to a flexible budget to assess how costs were controlled.
c. is the best way to display spending standards.
d. is valid for only one level of activity.
e. All of the answers are correct.
d
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What was the aim of the human relations approach to management?
A. emphasizing economical operations, adequate staffing, maintenance of inventories to meet consumer demand, and organizational control B. applying scientific methods to analyze work and to determine how to complete production tasks efficiently C. eliminating the variability that results when managers in the same organization have different skills, experiences, and goals D. emphasizing the perspective of senior managers within the organization E. understanding how psychological and social processes interact with the work situation to influence performance
What is the unique point at which the supply and demand curves intersect?
a. equilibrium b. cohesion c. market unity d. an agreement