Examlex
Which of the following is true of an embedded computer?
Static Budget
A fixed budget established at the beginning of a period, not adjusted for changes in activity or actual performance levels.
Continuous Budget
A rolling financial plan that continuously updates by adding a new period as the current period is completed.
Zero-Based Budget
A budgeting method where all expenses must be justified for each new period, starting from a "zero base," with no reference to previous budgets.
Flexible Budget
A budget that adjusts or varies with changes in volume or activity, allowing for more accurate forecasting and planning.
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