Maria works for the accounting department of Argon Corp. She has just been told that she needs to develop a budget to spend $50,000 dollars in the next 12 months. Maria has been asked to create a(n) __________ budget.

Question

Quizplus · Accepted Answer

A fixed budget is a financial plan that allocates a set amount of money, in this case, $50,000, to be spent over a specific period, such as 12 months, without adjustments for changes in activity levels or other factors.

Maria Works for the Accounting Department of Argon Corp