06 - Budgetary Control - Making Decisions Flashcards
1
Q
What is a fixed budget?
A
A budget drawn up at the start of the year, it is based on budgeted sales and production volumes
2
Q
What is a flexible budget?
A
A budget draw up at the start of the year which shows a variety of different sales and production volumes, this is to show a number of different outcomes
3
Q
A
