A planning budget based on a single predicted amount of sales or production volume is called a:
A) Sales budget.
B) Standard budget.
C) Flexible budget.
D) Fixed budget.
E) Variable budget.

Question

Quizplus · Accepted Answer

A planning budget based on a single predicted amount of sales or production volume is called a fixed budget. This type of budget does not adjust to changes in sales or production volume and may not accurately reflect actual performance.

A Planning Budget Based on a Single Predicted Amount of Sales