static budget versus a flexible budget
Not what you're looking for?
Why do you think companies make the mistake of only paying close attention to the static budget? Is it just not wanting to spend the time and money? Or do you think it they are unaware of the importance of the flexible budget?
Purchase this Solution
Solution Summary
The response tells about the difference between static budget versus a flexible budget.
Solution Preview
Budget is a comprehensive financial plan of allocation of financial resources. Budgeting helps in booth planning and controlling the activities of the organization. It is a useful communication tool. There are two types of budget flexible budget and static budget. Each has its own pros and cons. Static budget does not change with changes in activity level but on the other hand, Flexible budget changes with change in the activity level. As per wiki answers "Static budget is a ...
Purchase this Solution
Free BrainMass Quizzes
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce