FNSACC412 Prepare Operational Budgets - Budgeting Fundamentals

Question 6

Match the Budget Types with the appropriate description.
(Enter the letter a,b,c indicating the response which best matches each item on the left.)

Choices:

Static __________ a. shows expected results for a range of levels of operations

Flexible __________ b. continually updated so they always reflect plans for the same time period

Period __________ c. prepared for a set period (e.g.January), renewed the next period

Rolling __________ d. assumes of one level of activity only