Asked by Molly Walsh on Jul 14, 2024
Verified
A series of budgets for varying levels of activity is termed a(n) _____ budget.
A) flexible
B) variable
C) master
D) activity
Flexible Budget
A budget that changes in response to variations in activity levels or volume.
Variable Budget
A financial plan that adjusts for changes in the volume of activity, allowing for flexibility in spending.
- Examine the distinctions between static and flexible budgets.
- Comprehend the principle of adaptable budgeting and its implementation in modifying production schedules.
Verified Answer
KT
kaila thompsonJul 19, 2024
Final Answer :
A
Explanation :
A flexible budget adjusts to changes in the level of activity, making it suitable for varying levels of operation.
Learning Objectives
- Examine the distinctions between static and flexible budgets.
- Comprehend the principle of adaptable budgeting and its implementation in modifying production schedules.