Flexible budgeting may be viewed as combining the concepts of budgeting with cost-volume-profit analysis.

Name: Flexible budgeting may be viewed as combining the concepts of budgeting with cost-volume-profit analysis.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Flexible budgeting takes into account the variability in levels of activity and adjusts the budget accordingly, similar to cost-volume-profit analysis which also considers the impact of changes in activity levels on costs and profits.

Flexible Budgeting May Be Viewed as Combining the Concepts of Budgeting