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:

Perceived Control

The belief that an individual has the ability to influence the events in their life, a concept related to self-efficacy and empowerment.

Self-reflection

The examination of one's own thoughts, feelings, and behaviors to gain insight or achieve personal growth.

Extroversion

A personality trait characterized by a focus on external environments and social interaction, often associated with energy and affirmative action.

Develop Depression

The process of experiencing a significant and persistent low mood, often accompanied by low self-esteem and loss of interest in normally enjoyable activities.