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:

Numerical Information

Data that is quantifiable and can be used for mathematical calculations and statistical analysis.

Experimental Units

The smallest division of participants or items in an experiment that can receive different treatments.

Descriptive Statistics

Descriptive statistics summarize and describe the main features of a dataset through measures such as mean, median, and standard deviation.

Population

The entire group of individuals or instances about whom we hope to learn.