Flexible budgeting requires managers to estimate sales, production, and other operating data as though operations were being started for the first time.

Name: Flexible budgeting requires managers to estimate sales, production, and other operating data as though operations were being started for the first time.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

Flexible budgeting adjusts expenses based on changes in actual revenue or other activity levels, rather than starting from scratch as if operations were new.

Flexible Budgeting Requires Managers to Estimate Sales, Production, and Other