Asked by Haydee Morales on Jul 01, 2024
Verified
A flexible budget allocates resources as if each budget were brand new.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity, helping businesses better plan for costs.
- Outline the distinctions between plans for a single occasion and plans for permanent implementation.
Verified Answer
GB
gloria borgerJul 07, 2024
Final Answer :
False
Explanation :
A flexible budget adjusts to changes in actual revenue or production levels, rather than starting from scratch for each new budgeting period.
Learning Objectives
- Outline the distinctions between plans for a single occasion and plans for permanent implementation.
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