When Setting a Flexible Budget It Is Important to Know

question 102

Multiple Choice

When setting a flexible budget it is important to know

• A)the expected profit that a firm requires.
• B)the expected return that the shareholders or owners require.
• C)the relevant ranges of activity and cost.
• D)the impact of inflation on the budget in the year to come.

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Definitions:

Group Objects

A feature in graphical and software development environments that allows multiple objects to be treated as a single unit for easier manipulation and management.

Check Box Control

An interactive element in a user interface that allows users to select or deselect one or more options from a list.

Subform/Subreport Control

A control in database applications that displays data from a related secondary source within a main form or report.

Form Design View

The mode in database applications where the layout, structure, and design of a form for entering or displaying data can be edited.