A(n) __________ budget is designed for expected activity in the upcoming year based on historical data; it will not change during the year even if the volume of business changes.

Question

Quizplus · Accepted Answer

A fixed budget is set at the beginning of a period and does not change, regardless of changes in the volume of activity. It is based on the assumption of a certain level of activity and is designed to remain constant, even if actual levels of activity change.

A(n) __________ Budget Is Designed for Expected Activity in the Upcoming