A budget that reflects a range of operations is called a
A) Standard budget
B) Activity-based budget
C) Flexible budget
D) Benchmark budget

Question

Quizplus · Accepted Answer

A flexible budget is designed to adjust for changes in operations and is able to accommodate varying levels of activity. It typically includes ranges rather than specific numbers, giving the organization more flexibility in its spending. The other options (standard, activity-based, and benchmark) are all specific types of budgets that may be used in certain situations, but do not necessarily reflect a range of operations.

A Budget That Reflects a Range of Operations Is Called