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Flexible budget

This topic has 3 replies, 2 voices, and was last updated 3 years ago by John Moffat.

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March 11, 2022 at 6:07 pm #651069
Amrit123
Participant
- Topics: 26
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What is a flexible budget?
A. A budget that is changed to reflect the actual level of activity
B. A budget that is adjusted to reflect changing prices
C. A budget that can be used for several purposes
D. A budget that is revised to reflect changes as they occur
Sir here in this question
I guess the answer A but it is given B
Need help !
March 12, 2022 at 8:06 am #651117
John Moffat
Keymaster
- Topics: 57
- Replies: 54684
I do not know where you found this question, but as you have typed it then the answer is indeed A.
March 12, 2022 at 8:40 am #651128
Amrit123
Participant
- Topics: 26
- Replies: 23
It means flexible budget doesn’t take care of changing price right ?
March 12, 2022 at 4:30 pm #651170
John Moffat
Keymaster
- Topics: 57
- Replies: 54684
Correct – it does not.
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