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Charlene was presenting on the evolution of the internal combustion engine to a group of undergrads. During the presentation, she noticed a large number of the students seemed extremely bored. Because of this, Charlene called directly on some of the students, asked their opinions, and also started introducing anecdotes into her speech. Lastly, she decided to do away with the planned discussion pertaining to various statistics and details about the engines. What type of presentation did Charlene deliver?
Flexible Budget
A flexible budget adjusts according to the actual levels of activity experienced, allowing for more accurate comparisons of budgeted to actual performance.
Static Budget
A budget that is set for a specific level of activity and does not change or adjust with the actual level of activity achieved.
Fixed Manufacturing Overhead
The set costs involved in producing a product that do not change with the level of production, such as rent, salaries, and utilities.
Master Budget
A comprehensive financial plan comprising various individual budgets covering all facets of an organization's operations.
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