Solid points about the two types of budgets. I like how you highlighted the key difference; static budgets remain fixed while flexible budgets adapt to changes. You have great examples. Non-profits, with their predictable income streams, can often rely on static budgets for planning. And restaurants, facing fluctuating costs and customer demand, need the flexibility to adjust their budgets. It's true that businesses that primarily use static budgets might need to incorporate some level of flexibility. Unexpected events happen, even in the most stable industries. For instance, a natural disaster could disrupt a non-profit's operations, requiring them to adjust their spending plans. On the other hand, businesses that favor flexible budgets need a starting point. They might use historical data and forecasting to create an initial budget, then adjust it as the year progresses