A static budget is appropriate in evaluating a manager's performance if
a) the company prepares reports on an annual basis.
b) the company is a not-for-profit organization.
c) actual activity closely approximates the master budget activity.
d) actual activity is less than the master budget activity.
c) actual activity closely approximates the master budget activity.
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Which of the following statements regarding current assumption whole life insurance is NOT correct?
A) During a period of relatively high interest rates the premiums could be reduced. B) During a period of relatively high interest rates the premiums could be increased. C) Premium adjustments are usually made on an annual basis. D) It is also known as interest-sensitive whole life."
Potential exporters are able to do which of the following by studying import statistics?
A) evaluate the country risk of different markets B) estimate the profitability of domestic sales C) predict the culture risk of an emerging market D) assess a market's viability for accepting new sales