Flexible and Static Budgets
Discipline: Accounting
Type of Paper: Other
Academic Level: High school
Paper Format: Not applicable
Pages: 1
Words: 275
Question
Description
Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Describes 2 main types of budgeting: static budgets and flexible budgets.
Differentiate between the 2 types of budgets.
Provide an example of the type of business or company that would benefit from using a flexible budget.
Provide support for your business selection and include the advantage for using a flexible budget over a static budget.