A flexible budget is one that is allowed to adjust based on a change in the assumptions used to create the budget during management's planning process. A static budget, on the other hand, remains the ...
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. A static budget remains unchanged regardless of fluctuations in sales or production volumes.
A flexible budget is one that is allowed to adjust based on a change in the assumptions used to create the budget during management's planning process. A static budget, on the other hand, remains the ...
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