Which budget is best for managers to use to plan revenues and expenses at different sales volumes?

Question

Quizplus · Accepted Answer

A flexible budget allows for changes in revenues and expenses at different sales volumes, making it the best choice for managers to use in planning for various scenarios. A static budget is fixed and does not allow for changes in sales volume. A capital budget is focused on long-term investments in assets rather than short-term planning for revenues and expenses. A master budget is a compilation of various budgets and is not specific to planning revenues and expenses at different sales volumes.

Which Budget Is Best for Managers to Use to Plan