Answer:
C. by a company displays planned results based upon the original budgeted activity level
Explanation:
Static budget: It is referred to as a budget that does not change even if the volume of output changes. These are the fixed budget which helps in evaluating a manager's performance and effectiveness in controlling costs when the budget is fixed. The static budget report will be appropriate in evaluating a manager's performance if the actual activity closely approximates the master budget activity.
