A Flexible Budget

question 12

Multiple Choice

A flexible budget

• A)is not based on the master budget.
• B)is widely used in production departments, and least used in service departments.
• C)report will compare actual costs with the budgeted costs at the actual activity level achieved.
• D)cannot be prepared for each of the types of budgets included in the master budget.

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Definitions:

Walking Reflex

An innate reflex in infants that causes them to make stepping motions if they are held upright with their feet touching a solid surface.

Distinguish Colors

The ability to perceive and differentiate various colors.

Teratogens

Agents or factors that can cause congenital anomalies or defects in developing embryos or fetuses.

Embryonic Stage

A critical phase in prenatal development that occurs from about the second to the eighth week after conception, where major organs and structures begin to form in the embryo.