A Flexible Budget Contains

question 33

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:

Strategic Alliance

A partnership between two or more companies to pursue a set of agreed upon objectives while remaining independent organizations.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.

Selling Price

The amount of money for which a product or service is sold to the customer, often after considering costs and desired profit margins.

Global Marketplace

Refers to the international trading environment where goods and services are bought and sold across national borders.