The Primary Difference Between a Static Budget and a Flexible

question 113

Multiple Choice

The primary difference between a static budget and a flexible budget is that a static budget

• A) is suitable in volatile demand situation while flexible budget is suitable in a stable demand situation.
• B) is concerned only with future acquisitions of fixed assets, whereas a flexible budget is concerned with expenses that vary with sales.
• C) includes only fixed costs, whereas a flexible budget includes only variable costs.
• D) is a plan for a single level of production, whereas a flexible budget can be converted to any level of production.

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Definitions:

Learned Helplessness

An instance where a person is overwhelmed by feelings of helplessness, caused by either a distressing event or continual lack of success.

Contingency Blocking

A phenomenon in classical conditioning where a previously learned association prevents the learning of a new association.

Latent Learning

A learning process that occurs without any immediate expression of the learned behavior or association until a suitable motivation is provided.

Latent Learning

occurs without immediate reinforcement and is not immediately demonstrated through performance, becoming apparent only when there is motivation to demonstrate it.