A process whereby the effect of fluctuations in the level of activity is built into the budgeting system is referred to as flexible budgeting.

Name: A process whereby the effect of fluctuations in the level of activity is built into the budgeting system is referred to as flexible budgeting.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

Flexible budgeting allows for changes in activity levels to be reflected in the budget by adjusting the budgeted figures to represent expected costs and revenues at different levels of activity.

A Process Whereby the Effect of Fluctuations in the Level