Which of the Following Statements Is Correct

question 38

Multiple Choice

Which of the following statements is correct?

• A) A flexible budget is calculated for actual activity level only.
• B) A static budget can be calculated for a number of activity levels.
• C) A static budget is prepared for budgeted activity level only.
• D) Both A and C

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Definitions:

Weaknesses

Points of vulnerability within an organization, system, or individual that can be targeted or require improvement.

Strengths

Inherent capabilities or positive qualities that give an individual or organization a competitive advantage.

Community Relations

Efforts by a company or institution to engage and contribute to the well-being of the local community it's part of.

Local Level

Pertaining to, or affecting, a specific area or community, emphasizing actions or aspects relevant to a localized setting.