A budget that is based on a single estimate of sales volume is called a:
A)static budget.
B)flexible budget.
C)variable budget.
D)sunk cost budget.

Question

Quizplus · Accepted Answer

A budget that is based on a single estimate of sales volume and does not change even if the actual sales volume is different from the estimated sales volume is known as a static budget. It is most suitable for businesses with stable operations and sales patterns.

A Budget That Is Based on a Single Estimate of Sales