Which of the Following Is True of a Flexible Budget

question 121

Multiple Choice

Which of the following is true of a flexible budget?

• A) It is prepared by large firms only.
• B) It is used to measure whether or not a manager accomplishes his or her goals.
• C) It is usually not a good choice for benchmarks while preparing a performance report.
• D) It is a budget created in advance that is based on a particular level of activity.
• E) It enables a firm to compute expected costs for a range of activity levels.

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Definitions:

Truth Table

A mathematical table used to determine the validity of a proposition by listing all possible logical outcomes.

Symbolic Form

A representation of propositions or arguments using symbols and logical operators to express logical relations clearly and concisely.

Component Statements

The individual assertions or propositions that make up a more complex argument or logical structure.

Connective(s)

In logic, connectives are symbols that connect two statements or propositions to form a more complex proposition, such as "and", "or", "if...then", and "if and only if".