For performance evaluation, management compares actual results to a flexible budget based on the actual volume of activity.

Name: For performance evaluation, management compares actual results to a flexible budget based on the actual volume of activity.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Comparing actual results to a flexible budget based on actual volume of activity allows for a more accurate assessment of performance as it takes into account any deviations in activity levels from what was originally planned in the static budget.

For Performance Evaluation, Management Compares Actual Results to a Flexible