Which of the Following Budgets Allow for Adjustments in Activity

question 81

Multiple Choice

Which of the following budgets allow for adjustments in activity levels?

• A) static budget
• B) continuous budget
• C) zero-based budget
• D) flexible budget

---

Definitions:

Operating Lease

A lease agreement for the use of equipment or property for a shorter period than the asset's life expectancy, without transferring ownership rights.

Right To Cancel

A clause or provision in a transaction that allows a party to withdraw from the contract under certain conditions before it is fully executed.

Operating Lease

A lease agreement for the use of an asset without ownership transfer, typically involving payments for a period shorter than the life of the asset.

Required To Maintain

Obligatory actions or measures needed to keep a system, process, or asset in working order or to uphold a specific condition.