Flexible and Static Budgets

Flexible and Static Budgets

Flexible and Static Budgets Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business 2 main types of budgeting: static budgets and flexible budgets.

Respond to the following in a minimum of 250 words:

  • Differentiate between the 2 types of budgets.
  • Provide an example of the type of business or company that would benefit from using a flexible budget.
  • Provide support for your business selection and include the advantage for using a flexible budget over a static budget. Flexible and Static Budgets

 

OR 

Flexible and Static Budgets

Flexible and Static Budgets Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business 2 main types of budgeting: static budgets and flexible budgets.

Respond to the following in a minimum of 250 words:

  • Differentiate between the 2 types of budgets.
  • Provide an example of the type of business or company that would benefit from using a flexible budget.
  • Provide support for your business selection and include the advantage for using a flexible budget over a static budget. Flexible and Static Budgets

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