Asked by
Jaelan Sherman
on Nov 17, 2024
Verified
Once a static budget has been determined, it is changed regularly as the underlying activity changes.
Static Budget
A budget that shows the expected results of a responsibility center for only one activity level; it is not changed, even if the activity changes.
- Gain understanding of the role and intent of budgets in corporate settings.
- Recognize the critical role of adaptability and flexible strategizing in budget formulation.
Verified Answer
TS
Learning Objectives
- Gain understanding of the role and intent of budgets in corporate settings.
- Recognize the critical role of adaptability and flexible strategizing in budget formulation.
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