Which Type of Budget, Static or Flexible, Should Be Used

question 108

Essay

Which type of budget, static or flexible, should be used by managers for control activities? Explain your answer.

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Definitions:

Distributed First

A priority method in which resources or items are distributed initially before other actions are taken.

Transferee

A person or entity to whom rights, interests, or titles are transferred from another party.

Transferable Interest

An interest in an entity, such as a partnership or LLC, that can be transferred or sold to another party.

RULLCA

An abbreviation for the Revised Uniform Limited Liability Company Act, which provides a legal framework for the formation and operation of LLCs in jurisdictions that have adopted it.