A Flexible Budget

Multiple Choice

A flexible budget:

A) classifies budget requests by activity and estimates the benefits arising from each activity.
B) presents a statement of expectations for a period of time but does not present a firm commitment.
C) presents the plan for only one level of activity and does not adjust to changes in the level of activity.
D) presents the plan for a range of activity so that the plan can be adjusted for changes in activity levels.