Which of the Following Is a Difference Between a Static

question 53

Multiple Choice

Which of the following is a difference between a static and a flexible budget?

• A) Static budgets use the same fixed cost amounts,whereas flexible budgets change the amount of fixed costs at different levels of activity.
• B) Static budgets are based on the same per unit variable amount,whereas flexible budgets are based on multiple per unit variable amounts.
• C) Static budgets are based on single estimate of volume,whereas flexible budgets show estimated costs and revenues at a variety of activity levels.
• D) None of these answers is correct.

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Definitions:

President Ford

Gerald Ford became the 38th President of the United States, serving from 1974 to 1977, following the resignation of Richard Nixon.

President Carter

Refers to James Earl Carter Jr., the 39th President of the United States, serving from 1977 to 1981, known for his emphasis on peace, human rights, and environmental issues.

Saddam Hussein

The fifth President of Iraq, serving from 1979 to 2003, who led the country during the Iran-Iraq War and the Gulf War before being deposed by a U.S.-led coalition.

United States Government

The federal government of the United States, composed of three branches: legislative, executive, and judicial.