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Question 14 While flexible budgets enable proper adjustments based on the level of activity and may...

Question 14
While flexible budgets enable proper adjustments based on the level of activity and may come in handy during unexpected events, they are only useful for


government departments.


all of these organizations.


not for profit entities.


profit seeking corporations.

Solutions

Expert Solution

While flexible budgets enable proper adjustments based on the level of activity and may come in handy during unexpected events, they are only useful for

The correct answer is OPTION B i.e all of these organizations.

Explanation

As budgeting is done to manage the incomes and expenses of certain organization and such organization can be of any type.
Budgeting helps in planning for future spendings and keep a balance between incomes and expenses.

While flexible budgets enable proper adjustments based on the level of activity and may come in handy during unexpected events, such flexible budget is used in every organization whether it is government departments, not for profit entities, or profit seeking corporations.

So, all of these organizations is the correct answer.

ekkarill92 answered 2 years ago
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