The Primary Difference Between a Fixed (Static)budget and a Flexible

question 25

Multiple Choice

The primary difference between a fixed (static) budget and a flexible budget is that a fixed budget

• A)cannot be changed after the period begins,whereas a flexible budget can be changed after the period begins.
• B)is concerned only with future acquisitions of fixed assets,whereas a flexible budget is concerned with expenses that vary with sales.
• C)is a plan for a single level of production,whereas a flexible budget is several plans (one for each of several production levels).
• D)includes only fixed costs,whereas a flexible budget includes only variable costs.

Develop critical thinking skills to verify mathematical solutions in context.

Apply mathematical skills to understand economic transactions in everyday life.

Understand and apply the concept of proportionality in the context of distribution of values.

Apply algebraic methods to solve for unknown variables in financial contexts.

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Definitions:

Compounds

Substances formed from two or more elements chemically bonded together in fixed proportions.

Distinction

A differentiation between two or more substances or concepts based on their characteristics or properties.

Proton Spin Decoupled

A nuclear magnetic resonance (NMR) spectroscopy technique that simplifies complex spectra by removing interactions between proton spins, aiding in structure determination.

Peaks

Points in a dataset or graph representing maximum values or points of interest, often used in analysis.