A Flexible Budget Is One Where

question 8

Multiple Choice

A flexible budget is one where:

• A) fixed costs are not included.
• B) the budget estimates are prepared for a range of activities.
• C) the estimates are amended if they are not attained in the period.
• D) preparation may be postponed if the entity is very busy or is short staffed.

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Definitions:

Worldwide

Pertains to activities or operations that are carried out on a global scale, affecting or involving people from all over the world.

Services

Activities, benefits, or satisfactions offered for sale that are essentially intangible and do not result in the ownership of anything.

World Trade Organization

An international organization designed to supervise and liberalize world trade by providing a forum for negotiation and dispute resolution.

Members

In a business context, individuals or entities that are part of an organization, group, or system with certain rights or obligations.