Using a Flexible Budget Is Necessary To

question 62

Multiple Choice

Using a flexible budget is necessary to:

• A)permit a more accurate determination of variances.
• B)revise budget goals at the beginning of a period.
• C)adjust budgeted results so they are closer to actual amounts.
• D)eliminate the effect of cost behavior patterns on budgeted amounts.

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Definitions:

Qualities

The characteristics, traits, or features that define a person, object, or concept, distinguishing them from others.

Responsibility Levels

Different degrees of accountability or duty assigned to individuals or groups, often depending on their role, task, or position.

Group Succeeds

The achievement of desired outcomes or goals by a group, often through effective collaboration, coordination, and effort.

Fails

Mistakes or lapses in judgment that lead to a failure to accomplish a desired result or task.