Flexible Budget - Please provide accurate and appropriately detailed answers....

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Flexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you’d recommend using a static budget over a flexible budget?

Oct 23rd, 2017

Flexible budgets can be changed but static budgets can't be changed. Static budgets are planned in advance whereas flexible budgets not planned in advance. Flexible budgets have greater level of control which is not in static budget. 

When flexible budget is better: when business is new, economic slow down, when need for change arises. 

When static budget is better: when business is not new, economy recovered from recession, when need for change does not arises. 

Aug 30th, 2014

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Oct 23rd, 2017
...
Oct 23rd, 2017
Oct 24th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer