A Flexible Budget Is a Budget That Is Developed Using

question 20

True/False

A flexible budget is a budget that is developed using budgeted revenue or cost amounts and is not adjusted at the end of the budgeted period.

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Definitions:

Stream Of Income

A consistent or predictable flow of revenue, which can come from investments, real estate, or other sources over a period of time.

Rate Of Inflation

The percentage increase in the general level of prices for goods and services in an economy over a period of time.

Real Return

The return on an investment after adjusting for inflation, indicating the actual purchasing power gained or lost.