Question: 3 4 What is the primary difference between a static budget and a flexible budget? Why is a flexible budget useful? (3 marks) 5 ON

3 4 What is the primary difference between a static budget and a flexible budget? Why is a flexible budget useful? (3 marks) 5 ON What is the weakness of using Rol to evaluate a division's performance? (2 marks) 8 9 Name one managerial accounting concept that you learned about this semester that you think you could apply to your current job and/or your future career. Why/how could you use the concept? (2 marks) 10 11 12

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