Economics · Budgeting
Which of the following statements regarding budgeting are correct? 1. Flexible budgets adjust according to the level of activity. 2. Zero-based budgeting requires justification of all expenses for each new period. 3. Rolling budgets remain fixed for the entire budget period once approved. 4. Performance budgeting links budget allocations with measurable outcomes.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, 3 and 4
- 22, 3 and 4 only
- 31 and 3 only
- 41, 2 and 4 only✓
Correct answer
1, 2 and 4 only
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