Once a static budget has been determined, it is changed regularly as the underlying activity changes
Indicate whether the statement is true or false
False
You might also like to view...
Auditors and management should agree on what is considered material
a. True b. False Indicate whether the statement is true or false
Which of the following will send subscribers regular updates on a chosen topic?
A) Content curation B) Newsfeeds C) Branded channeling D) User-generated content sites E) Community sites
Which of the following events would be considered an extraordinary item?
a. An airline experienced a significant loss due to a strike by employees of the company who provide its aircraft maintenance. b. A food cannery was faced with a large loss of inventory of canned soups due to government condemnation because of possible botulism contamination; the company had never experienced a similar situation in its history. c. A company, located on an island which has experienced severe flooding three times in the past 25 years, was subjected to a heavy loss of physical plant due to flooding. d. A medical corporation was required to pay damages equal to three times its average net income to a patient. The corporation had experienced suits of this nature in the past, but the amount of the losses had never exceeded 5 percent of the corporation's average net income.
A primary characteristic of a performance management system is
a. consistency at all levels in the organization. b. adaptability to differing situations in the organization. c. efficiency of application to all individuals in the organization. d. flexibility to delay rewards although performance objectives have been met.