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:

Ideal Self

A person's conception of how they would like to be, embodying their aspirations, goals, and values.

Real Self

The authentic version of oneself, including true feelings, desires, and beliefs.

Carl Rogers

An influential American psychologist and among the founders of the humanistic approach to psychology.

Self-Concept

An individual's perception of themselves, shaped by their beliefs, attitudes, and opinions about their personal identity and abilities.