A static budget is<u> based on a range of activities</u>.
<h3>
What is static budget?</h3>
- An example of a budget that includes predicted values for inputs and outputs that are thought of before the period in question begins is a static budget.
- Even with changes in sales and production quantities, a static budget, which is a projection of revenues and expenses for a given period, stays the same.
- The figures from static budgets can, however, be very different from the real results as compared to those that are discovered after the fact.
- Accountants, finance experts, and management teams of businesses utilize static budgets to assess the financial success of a company over time.
- The static budget is meant to be constant throughout the time period, independent of changes that might have an impact on results.
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Answer:
C. No group will always gain from a price floor
Explanation:
The correct question should have been:
Staff-level briefings are conducted by the supervisor to introduce co-workers, clarify tasks, define the scope of work, describe sources of work supplies, and present the work schedule. True or False
Answer: True.
Explanation:
A staff-level briefing is a type of meeting held for members of staff of a company, where information or instructions are been passed across from the management of the company to the members of staff. The information passed during a staff-level briefing is only meant for staff consumption.
Answer:
Which of the following factors makes it imperative that organizations be fast and flexible?
1. Globalization
Explanation:
Organizations nowadays have to compete in a market where they have to consider a variety of factors in order to stay ahead of the competition. Being ahead of the competition always translates on a wider access to access and thus more sales. The aim of all business organizations is to make profits, staying ahead of the competition is a sure way of making more profits. Factors that organizations need to consider are; globalization, corporate strategy, and workforce diversity.
The main factor of interest to us is globalization as a factor to be considered in organizational success. Globalization is the action by which business and organizations start having more influence in the international scale. Globalization has been of interest ever since the onset of technological advancement like the internet. The internet improved access to information in the international scale by fostering communication and relations between different people and companies around the globe. Organizations could easily look for opportunities in different parts of the globe where their products and services had a potential of being purchased.
Globalization has made it imperative that organizations be fast and flexible. The aspect of competition and customer loyalty makes it imperative for an organization in the global arena to be fast since customers need a more fast and reliable delivery of products and services and they will always pick the most reliable option in terms of time, cost and quality. The global arena is ever-changing too in terms of customer expectation mostly driven by technology. An organization needs to be flexible to the varying global market conditions.
