Write a response to the following in a minimum
of 500 words:
Budgeting is a tool used by management for performing the
functions of planning, coordinating, and controlling operations of
a business. Our textbook, Managing Accounting Concepts,
describes 2 main types of budgeting: static budgets and flexible
budgets.
Differentiate between the 2 types of budgets
and include the following in your response:
Provide an example of the type of business or company that
would benefit from using a flexible budget....