A flexible-based budgeting system
A) uses functional-based line items.
B) splits costs into variable and fixed components.
C) prepares budgets for a range of activity levels.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

A flexible-based budgeting system includes all three components: functional-based line items, splitting costs into variable and fixed components, and preparing budgets for a range of activity levels. This allows for a more accurate and flexible budget that can adjust and adapt to changes in activity levels and expenses.

A Flexible-Based Budgeting System