Asked by Kionaa Genisee on Apr 27, 2024
Verified
A fixed budget is based on a single predicted amount of sales or other activity measure.
Predicted Amount
An estimated figure or value anticipated based on current trends, analysis, or modeling.
Fixed Budget
A Fixed Budget is a financial plan that allocates set amounts to specific categories or operations, without adjusting for changes in volume or activity levels.
Sales
The transactions involving the exchange of goods or services for money, constituting the primary revenue for most businesses.
- Attain knowledge regarding the contrast between fixed and flexible budgetary frameworks.
Verified Answer
MB
mauro bravoApr 28, 2024
Final Answer :
True
Explanation :
A fixed budget is based on a single predicted amount of sales or other activity measure, which is then used to determine spending for the entire budget period.
Learning Objectives
- Attain knowledge regarding the contrast between fixed and flexible budgetary frameworks.