Which of the following is NOT a weakness of flexible budgeting?
A) Requires more time and cost to prepare and revise than an incremental budget
B) Budgets shrink with decreases in output
C) Does not produce a fixed budget since the actual budget can only be determined retrospectively after actual output is known
D) May not be feasible for organizations whose output is not tied to revenue
E) Does not encourage efficiency
Correct Answer:
Verified
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Q16: According to the Five S's system, to
Q17: According to the Five S's system, to
Q18: According to the Five S's system, to
Q19: Which of the following is NOT a
Q21: The use of a flexible budgeting system
Q22: Flexible budgets are restated (or flexed) at
Q23: When actual output is 10% greater than
Q24: Flexible budgets are easier to prepare than
Q25: Flexible budgets require greater manager diligence and
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