A Flexible Budget Contains

question 159

Multiple Choice

A flexible budget contains:

• A) Cost targets based on actual output for the period.
• B) Cost targets based on planned output for the period.
• C) Actual costs incurred for the actual output of the period.
• D) Costs and revenues for the difference between planned and actual output.
• E) Costs based on actual output of the period, and revenue based on master budgeted output.

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Definitions:

Brand Equity

The value premium that a company realizes from a product with a recognizable name as compared to its generic equivalent.

Consumers

Individuals or groups who purchase goods or services for personal use and not for manufacturing or resale.

Promise

A declaration or assurance that one will do something or that a particular thing will happen.

Value

The importance, worth, or usefulness of something, often considered in terms of how much something is worth to someone.