What Is the Primary Difference Between a Fixed Budget and a Flexible

Multiple Choice

What is the primary difference between a fixed budget and a flexible budget?

A) A fixed budget includes only fixed costs,while a flexible budget includes only variable costs.
B) A fixed budget is concerned only with future acquisitions of fixed assets,while a flexible budget is concerned with expenses,which vary with sales.
C) A fixed budget cannot be changed after the period begins,while a flexible budget can be changed after the period begins.
D) A fixed budget is a plan for a single level of sales (or other measure of activity) ,while a flexible budget consists of several plans,one for each of several levels of sales (or other measure of activity) .