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.

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Definitions:

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A genetic blood disorder causing red blood cells to assume a sickle shape, leading to various health complications.

Hemoglobin

The protein that carries oxygen in red blood cells.

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Any factor that brings about changes in the genetic makeup of a population, aiding in evolution.

Inheritance Of Acquired Characteristics

A discredited biological hypothesis originally proposed by Jean-Baptiste Lamarck, suggesting that traits developed during an organism's life can be passed on to its offspring.