Which of the Following Statements Is False

question 21

Multiple Choice

Which of the following statements is false?

• A)Flexible budgets help provide a basis for management by exception.
• B)Flexible budgets are not based on the same revenue and cost behavior assumptions as the static budget.
• C)Flexible budgets are prepared for a range of activity.
• D)Flexible budgets are automatically matched to changes in activity levels.

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Definitions:

Lots

Parcels or portions of land, often used in the context of real estate transactions.

Good Faith Requirement

An obligation for parties to act honestly and not mislead or deceive each other in a contract or legal agreement.

Sales Contract

A legally binding agreement between a buyer and a seller detailing the terms of a sale of goods or services.

Pastel Colors

Refers to pale shades of colors, which have a high value and low to intermediate saturation, often used to evoke a soft, soothing, or delicate visual effect.