What Is the Primary Difference Between a Fixed Budget and a Flexible

question 79

Multiple Choice

What is the primary difference between a fixed budget and a flexible budget?

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

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Definitions:

Rods and Cones

Photoreceptor cells in the retina of the eye where rods are responsible for vision at low light levels, and cones handle color vision and detail.

Olfactory Cells

Sensory cells located in the olfactory epithelium of the nose involved in the detection of odors, playing a key role in the sense of smell.

Muscle Spindles

Sensory receptors within the belly of muscles, responding to stretch and actively participating in the regulation of muscle contraction.

Astigmatism

Uneven shape of the cornea or lens of the eye; causes a distortion in the light reaching the retina of the eye.