Accounting · Budgeting and Budgetary Control
Which of the following best describes a flexible budget?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A budget that remains unchanged regardless of activity level
- 2A budget that adjusts based on actual activity levels to provide more accurate performance evaluations✓
- 3A budget that is prepared only once at the beginning of the fiscal year
- 4A budget that includes only fixed costs and excludes variable costs
Correct answer
A budget that adjusts based on actual activity levels to provide more accurate performance evaluations
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