Question: Various types of budgets facilitate understanding about the big picture of a business. There are budgets that are set and unchangeable, as well as budgets

Various types of budgets facilitate understanding about the big picture of a business. There are budgets that are set and unchangeable, as well as budgets that allow for variability.

Explain

2

different types of budgets and discuss how they complement each other.

What is the difference between a flexible budget and a static budget? Which one do you believe works better for a business you have worked for or about which you are familiar?

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