The Main Difference Between a Static Budget and a Flexible

question 77

Multiple Choice

The main difference between a static budget and a flexible budget is that the static budget is

• A)constructed using a top-down approach, while the flexible budget uses a bottom-up approach.
• B)based on units produced, while a flexible budget is based on units sold.
• C)for a single level of activity, while a flexible budget can be adjusted for different activity levels.
• D)used only for selling and administrative costs, while the flexible budget is used for manufacturing costs.

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Definitions:

Race

A social construct used to categorize and differentiate human populations based on physical characteristics, often entwined with historical, cultural, and political factors.

Brazil

A large country in South America known for its diverse culture, rainforests, and significant contributions to global agriculture, soccer, and music.

United States

A country in North America, comprised of 50 states, a federal district, and several territories, known for its democratic government and diverse population.

Mariel Boat Lift

A mass emigration of Cubans to the United States in 1980, with around 125,000 people leaving Cuba from the port of Mariel to Florida.