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sleet_krkn [62]
3 years ago
10

8. The purpose of a flexible budget is to: A. remove items from performance reports that are not controllable by managers. B. pe

rmit managers to reduce the number of unfavorable variances that are reported. C. update the static planning budget to reflect the actual level of activity of the period. D. reduce the amount of conflict between departments when the master budget is prepared.
Business
1 answer:
vova2212 [387]3 years ago
5 0

Answer:

C. update the static planning budget to reflect the actual level of activity of the period.

Explanation:

A flexible budget can be used to determine what costs should have been at a given level of activity.

A flexible budget is a budget that adjusts or flexes with changes in volume or activity. They remain unchanged from the amounts established at the time that the static budget was prepared and approved.

Flexible budget is a budget that is mostly used as a static budget and basically changes with the changes occurring in the volume or activity held in production, also helpful for increasing the manager's efficiency and effectiveness because it is set to benchmark for the actual performance of the company.

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Answer: it’s D

Explanation:

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Steve sells his home to Srivani and ends up with a producer surplus of $100,000. Srivani has a consumer surplus of $1,000 from t
amid [387]

Answer:

Both parties experience surplus, but there is inequity because Steve has a much larger producer surplus

Explanation:

The options to this question wasn't provided. Here are the options : Both parties experience surplus, but there is inequity because Steve has a much larger producer surplus. Both parties experience surplus, so the transaction was equitable. Only Steve benefits from the sale. Srivani will not be happy with her purchase.

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Producer surplus is the difference between the price of a good and the least amount the seller is willing to sell his good.

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I hope my answer helps you

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3 years ago
Fern motors is offering a rebate on cars purchased this month. this activity involves the ____ ingredient of the marketing mix.
saveliy_v [14]

Answer:

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Pricing-  is for determining the value that is put on a product including rebates. Deciding the correct intrinsic value of a product puts a lot of factors into consideration like the target market, the consumer willingness to pay, whether it is sufficient enough for the company to make a profit out of it.

Product - answers the <em>what</em>; the actually good or service being offered for sale.

Place- answers the <em>where; </em>the location of product so customers can buy it.

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mafiozo [28]

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Key traits of an effective strategic leader include loyalty to the organization's vision, judicious use of power, transparency, effective communication, problem-solving, readiness to delegate, passion for their job, compassion, and empathy for others and self-awareness.

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