dThe difference between 5. Which person or entity has overall responsibility for budgetary development? a. Governing Board Chief Executive Officer P. 383 p.383 C. Controller d. The strategic financial plan 6. A budget that changes in response to changes in volume of activity is known as which of the following? a. A fixed budget flexible budget p.3b C. A variable budget d. A changeable budget The budgeting process that requires all activities and expenditures to be fully justified periodically is which of the following? a. Fixed budget b. Incremental/decremental budget p. 3a C. Flexible budget d. Rolling budget C ap basd budgeIntrnel 8. The budget process that continually drops and adds budget periods so as to always have fully year prospective budget is which of the following? -a. Fixed budget b. Incremental/decremental budget C. Flexible budget d. Rolling budget e. Zero-based budget 9. The budget process that creates the new budget by making small adjustments to the prior year actual results is which of the following? a. Fixed budget b. Incremental/decremental budget Flexible budget d. Rolling budget Zero-based budget